Air Cargo

Coverage of air cargo related news including freight forwarders, airlines, airports and more

https://www.ajot.com/images/uploads/article/1200x800-21_2.jpg

Spirit delays shareholder vote after JetBlue ups buyout bid

Bloomberg | June 09, 2022 | Air Cargo | Airlines

The vote set for June 10 will be moved to the end of the month

https://www.ajot.com/images/uploads/article/1200x-1-66.jpg

Paris airport scraps 25% of flights, shuts runways amid strike

Bloomberg | June 09, 2022 | Air Cargo | Airports

A quarter of flights were canceled and two runways shut Thursday by a strike at Paris-Charles de Gaulle airport, the latest upheaval to hit the European transport industry struggling to meet higher demand for travel.

British Airways’ South African operator poised to be liquidated

Bloomberg | June 09, 2022 | Air Cargo | Airlines

Toronto airport mayhem worsens amid persistent staff shortages

Bloomberg | June 09, 2022 | Air Cargo | Airports

Saudi Arabia offers to pay airlines to connect it to the world

Bloomberg | June 09, 2022 | Air Cargo | Airlines

Garuda plans to tackle liabilities with $800 million of new debt

Bloomberg | June 09, 2022 | Air Cargo | Airlines

Lufthansa cancels hundreds of flights due to staff shortages

Bloomberg | June 09, 2022 | Air Cargo | Airlines

https://www.ajot.com/images/uploads/article/1200x900_5.jpg

EQT, Mubadala buys medical freight firm in $3 billion deal

Bloomberg | June 09, 2022 | Air Cargo | Freighters

Funds managed by EQT AB and Mubadala Investment Company have agreed to buy Swedish medical freight company Envirotainer AB for an enterprise value of about 2.8 billion euros ($3.0 billion).

https://www.ajot.com/images/uploads/article/American-air-Qatar-tails.jpg

American Airlines and Qatar Airways expand strategic alliance

AJOT | June 09, 2022 | Air Cargo | Airlines

American Airlines and Qatar Airways are expanding their strategic alliance with a new codeshare agreement, enabling American’s customers to book travel on Qatar Airways flights via Doha to and from 16 new countries.

A first for IAG Cargo as it launches two new routes from Madrid direct to Dallas and Washington DC

Air Cargo

AJOT | Top Story | June 08, 2022

A first for IAG Cargo as it launches two new routes from Madrid direct to Dallas and Washington DC

• IAG Cargo landed in Dallas and Washington DC from Madrid Barajas airport for the first time and was greeted with a celebratory water cannon salute • IAG Cargo has also announced the restart of flights to San Francisco, marking its eighth destination into the USA from Madrid • These routes will facilitate the movement of electronic parts, textiles, industrial goods and machinery between the regions

https://www.ajot.com/images/uploads/article/SatyakiRaghunathChiefStrategyDevelopmentOfficerBangaloreInternationalAirportLtdandFrancoisMiralliGroupCFOatWFS..jpg

WFS and Bangalore International Airport Limited create ‘landmark’ partnership to drive air cargo and pharma export growth in Southern India

AJOT | June 08, 2022 | Air Cargo | Airports

Worldwide Flight Services (WFS) has been awarded a 15-year license to operate its first cargo handing operation in India at Kempegowda International Airport, Bengaluru (BLR Airport).

https://www.ajot.com/images/uploads/article/Electra.jpg

Hybrid-electric blown-lift eSTOL plane developer Electra acquires Airflow to create a leader in advanced air mobility

AJOT | June 08, 2022 | Air Cargo | Technology

Electra.aero, Inc. (Electra), a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, announced today that it has acquired California-based Airflow.aero, Inc. (Airflow). The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM) market. The announcement was made at the UP.Summit, an annual gathering of leaders in transportation innovation hosted by investment firm UP.Partners.