Air Cargo

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

Lufthansa Pleads With Investors to Back $10 Billion Bailout

Bloomberg | June 17, 2020 | Air Cargo | Airlines

Deutsche Lufthansa AG issued a plea to investors to turn up and vote for a 9 billion-euro ($10 billion) bailout package or risk tipping Europe’s largest airline into insolvency.

Norwegian Air Jumps After Boosting Capacity for Summer Travel

Bloomberg | June 17, 2020 | Air Cargo | Airlines

Hundreds of Beijing Flights Canceled After Virus Flare-Up

Bloomberg | June 17, 2020 | Air Cargo | Airlines

South African Airways Needs $1.5 Billion in State Funding

Bloomberg | June 16, 2020 | Air Cargo | Airlines

South African Airways’ administrators proposed the government put up at least 26.7 billion rand ($1.5 billion) to rescue the carrier after years of losses and the grounding of commercial passenger flights to contain the spread of coronavirus.

AirAsia Eyes Durian Flights as Part of Farm-to-Table Food Push

Bloomberg | June 16, 2020 | Air Cargo | Airlines | International Trade

Asia’s biggest budget airline AirAsia Group Bhd. is mulling flying thorny, pungent durians around the region as part of a plan to use its trucks and planes to send food straight from farms to restaurants.

LATAM cargo expands its pharma network

AJOT Newsroom | June 16, 2020 | Air Cargo | Freighters

LATAM Cargo Group extended its service to satisfy its clients’ needs in the midst of the health crisis caused by COVID-19, which led to closed-border policies and passenger flight restrictions.

Portugal Estimates It Will Give TAP a Loan of 950 Million Euros

Bloomberg | June 16, 2020 | Air Cargo | Airlines

Boeing Max Return in Europe Risks Delay Over Travel Rule

Bloomberg | June 16, 2020 | Air Cargo | Airlines

The return of Boeing Co.’s 737 Max to European skies is at risk of additional delays because of U.S. coronavirus travel restrictions that have hindered planning for test flights by regulators from the continent.

Singapore to Suspend Airport Expansion Works Amid Coronavirus

Bloomberg | June 16, 2020 | Air Cargo | Airports

U.S. Expands Flights from Chinese Airlines to Four Per Week

Bloomberg | June 15, 2020 | Air Cargo | Airlines | International Trade

FIS Air Freight Report June 15, 2020

AJOT Newsroom | June 15, 2020 | Air Cargo | Freighters

China to Europe and China to USA continue sliding, down $1.06 and $0.57 respectively. Shanghai to Europe (primarily weighted by price drops into Frankfurt) collapses by $1.68 despite individual trade-lane price support into Amsterdam as rates appear inflated by above-the-market fixed price contracts.

U-Freight charters Russian aircraft to deliver PPE to the Big Apple

AJOT Newsroom | June 15, 2020 | Air Cargo | Charters

The U-Freight Group chartered an Aeroflot passenger aircraft, which had been reconfigured to handle freight only, to airfreight over 2,000 cartons of urgently needed personal protective equipment (PPE) from Beijing to New York.

Air France KLM Martinair Cargo to launch Kickcharter

AJOT Newsroom | June 15, 2020 | Air Cargo | Charters

Ontario International Airport freight volume rose 24% in May

AJOT Newsroom | June 15, 2020 | Air Cargo | Airports

United expects to have approximately $17 billion in available liquidity by September 2020

AJOT Newsroom | June 15, 2020 | Air Cargo | Airlines

New, proposed $5 billion MileagePlus transaction, combined with available CARES Act funding, provides even more flexibility to navigate the most disruptive financial crisis in the history of aviation

Qatar Airways Plans Layoffs and 25% Pay Cut for Pilots

Bloomberg | June 15, 2020 | Air Cargo | Airlines

Fraport Cargo volumes continue to stabilize

AJOT Newsroom | June 15, 2020 | Air Cargo | Airports

Greatly diminished passenger traffic at Frankfurt Airport and Fraport’s Group airports worldwide - Cargo volumes at FRA continue to stabilize

Boris Johnson Faces Fury of Europe’s Biggest Airlines in Court

Bloomberg | June 13, 2020 | Air Cargo | Airlines

It’s not often rival carriers join forces on anything in the competitive aviation industry. But this week, three of Europe’s biggest airlines teamed up to sue the U.K. government over plans to force visitors to self-isolate for 14 days.

Lawmakers Brand British Airways Job Cuts a ‘National Disgrace’

Bloomberg | June 12, 2020 | Air Cargo | Airlines

U.K. lawmakers lashed out at British Airways over plans for 12,000 job cuts, saying the carrier had sought to exploit the coronavirus crisis to slash headcount and weaken employment terms for remaining staff.

U.K. Aerospace Ramps Up Push for Targeted Government Support

Bloomberg | June 12, 2020 | Air Cargo | Airlines

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