Air Cargo
Coverage of air cargo related news including freight forwarders, airlines, airports and more
Ontario International Airport cargo volume still stronger than pre-pandemic levels
| May 12, 2022 | Air Cargo | Airports | By The Numbers
South Africa sets plans to cash In on revived national carrier
| May 12, 2022 | Air Cargo | Airlines
South Africa’s government has retained special voting rights in the country’s national carrier even after selling a majority stake, and will be given 3 billion rand ($186 million) in preference shares that can be redeemed through future cashflow.
Boeing downplays 777X cancellation risk despite new delay
| May 12, 2022 | Air Cargo | Airlines
Tower Cold Chain sets sights on doubling its global network as L.A. hub opens
| May 12, 2022 | Air Cargo | Logistics
Reducing aviation emissions by 55% by 2030: Can it be done?
| May 12, 2022 | Air Cargo | Airlines | By The Numbers
If so, what are the extra costs of decarbonization measures?
Fraport Traffic Figures for April 2022: Slowdown in cargo traffic continues
| May 12, 2022 | Air Cargo | Airports | By The Numbers
Frankfurt Airport records strongest month since the pandemic began – Fraport’s Group airports worldwide report dynamic increase in demand – Greek airports almost reach pre-crisis levels – Fraport Traffic Figures for April 2022: Slowdown in cargo traffic continues
Etihad Cargo has appointed Tim Isik as Vice President - Commercial
| May 12, 2022 | Air Cargo | Freighters | People | Appointments
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has appointed Tim Isik as Vice President – Commercial. Based in Etihad Cargo's headquarters in Abu Dhabi, Isik will oversee the carrier's global commercial operations.
Tata Group names new Air India CEO from partner Singapore Airlines’ budget unit
| May 12, 2022 | Air Cargo | Airlines | People | Appointments
The chief executive officer of Singapore Airlines Ltd.’s budget unit is leaving to head Tata Group-owned Air India Ltd., taking on a role that a former Turkish Airlines chairman recently turned down after facing political opposition.
Rolls-Royce says China curbs weighing on jet-engine recovery
| May 12, 2022 | Air Cargo | Airlines
Collaboration and partnerships are the pillars of CargoAi’s success
| May 12, 2022 | Air Cargo | Technology
In less than three years, the world’s only cloud-native air cargo solutions provider, CargoAi, has succeeded in overtaking some of its close competitors and has already attracted a quarter of the world’s airline capacity to its digital marketplace. More airline and GSA contracts are in place to double this by the end of this year.
Dubai Airports posts best quarter in two years as travel surges
| May 12, 2022 | Air Cargo | Airports | By The Numbers
Passenger jet bursts into flames during takeoff in China
| May 12, 2022 | Air Cargo | Airlines
Cushman & Wakefield advises sale of industrial park near Van Nuys Airport in Los Angeles for $85 million
| May 12, 2022 | Air Cargo | Airports | Logistics
Cushman & Wakefield has advised the sale of a ±13.43-acre industrial park comprising five buildings totaling 95,600 square feet with two land parcels totaling ±4.17 acres all on the same cul-de-sac in Los Angeles. The portfolio is strategically located adjacent to the Van Nuys Airport. Boston real estate investment firm Longpoint Realty Partners acquired the portfolio from a Private Ownership for $85 million.
East Coast jet fuel prices remain higher than other spot price hubs
| May 12, 2022 | Air Cargo | Airports | Energy
The spot jet fuel price in New York Harbor traded at record-high levels for several weeks in April. The price has since declined, but it has remained higher than the prices at both the U.S. Gulf Coast and the Amsterdam, Rotterdam, and Antwerp (ARA) trading hubs. The high jet fuel prices coincide with record-low jet fuel inventory levels on the East Coast and rising demand for air travel. A confluence of supply and demand factors has contributed to increased price volatility in the East Coast jet fuel market.
Lufthansa Cargo orders ten Boeing freighters
| May 12, 2022 | Air Cargo | Freighters
The Lufthansa Group has announced that it will invest in expanding the capacity of Lufthansa Cargo's freighter fleet. The airline has ordered a total of ten freighters - including three current-technology Boeing 777F freighters and seven 777-8F freighters, Boeing's next-generation freighter. In addition, leases for two Boeing 777F freighters (current technology), which run through 2024, will be extended for seven years each through 2031.
Soaring fuel costs cast shadow for the US economy this summer
| May 12, 2022 | Air Cargo | Airlines | Intermodal | Trucking
From neighborhood gas stations to America’s interstate highway system to the friendly skies, soaring fuel costs amid dwindling supplies look set to further squeeze consumers and businesses alike this summer.
Vienna Airport and Lufthansa Cargo launch pharma cooperation
| May 11, 2022 | Air Cargo | Airports
Vienna Airport handles temperature-sensitive pharma transports for Lufthansa Cargo
Principal shareholders of Avianca and controlling shareholder of GOL to create Abra Group, a leading air transportation group across Latin America
| May 11, 2022 | Air Cargo | Airlines
VINCI Airports achieves level 4 of the ACA environmental accreditation for the management of Portuguese airports
| May 11, 2022 | Air Cargo | Airports
VINCI Airports, concessionaire for Portugal's airports, has received level 4 of the ACA (Airport Carbon Accreditation)[1] for nine of its Portuguese ANA airports: Lisbon, Porto, Faro, Ponta Delgada, Santa Maria, Horta, Flores, Madeira and Porto Santo.
LATAM continues operational recovery in the first quarter despite the Omicron variant impact and rising fuel prices
| May 11, 2022 | Air Cargo | Airlines
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