Air Cargo

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Air Cargo

Bloomberg | February 26, 2020

Heathrow says halting new runway would be ‘financial suicide’

London Heathrow airport stepped up its defense of a $20 billion third runway, saying a government decision to block the project would amount to “financial suicide” and hamper U.K. efforts to boost trade after Brexit.

Boeing dangles funds for Max simulator sessions ahead of return

Bloomberg | February 26, 2020 | Air Cargo | Airlines

Jet Air creditors to ask curt to extend liquidation deadline

Bloomberg | February 26, 2020 | Air Cargo | Airlines

Lufthansa freezes hiring as coronavirus outbreak squeezes demand

Bloomberg | February 26, 2020 | Air Cargo | Airlines

Deutsche Lufthansa AG is adopting a package of cost-saving measures, including a hiring freeze, as the economic fallout of the coronavirus starts to bite. The shares fell to a six-month low.

Crisis-hit Cathay says 25,000 staff to take unpaid leave

Bloomberg | February 25, 2020 | Air Cargo | Airlines

Jet fuel’s luster tarnished by virus with demand in doubt

Bloomberg | February 25, 2020 | Air Cargo | Energy

China’s virus-hit airlines are showing signs of recovery

Bloomberg | February 25, 2020 | Air Cargo | Airlines

US airline rout worsens with American hitting record low

Bloomberg | February 25, 2020 | Air Cargo | Airlines

Boeing 737 Max crisis delays Carlyle aerospace deal

AJOT Newsroom | February 25, 2020 | Air Cargo | Airlines

InstoneAir and LG Bloodstock fly competitors to Saudi Arabia for the world’s richest horse race

AJOT Newsroom | February 25, 2020 | Air Cargo | Freighters

InstoneAir has been working closely with Luck Greayer (LG) Bloodstock Shipping, combining their bloodstock transportation expertise to support the world’s most valuable horse race, The Saudi Cup, which takes place in Riyadh this month and offers prize money of $20 million.

Silkway West Airlines keeps up China flying

AJOT Newsroom | February 25, 2020 | Air Cargo | Charters

The current corona epidemic is having a significant impact on the air cargo industry. However, in order to maintain the business of the customers, Silkway West Airlines has kept its scheduled and charter flights throughout those challenging and turbulent times.

Hensoldt selects CoreAVI’s software and COTS-D hardware IP platform to enable new avionics computing system with advanced capabilities

AJOT Newsroom | February 25, 2020 | Air Cargo | Technology

American Air ends Qatar feud with eye on future Doha flights

Bloomberg | February 25, 2020 | Air Cargo | Airlines

American Airlines Group Inc. set the stage for possible flights to the Middle East after it set aside a long-running quarrel with Qatar Airways to revive a suspended marketing pact.

Boeing’s first order of 2020 Is bad news for Rolls-Royce

Bloomberg | February 25, 2020 | Air Cargo | Airlines

Mideast virus cases climb, prompting halts to Iran flights

Bloomberg | February 25, 2020 | Air Cargo | Airports

US push to pry open Gulf airspace for Qatar hits resistance

Bloomberg | February 25, 2020 | Air Cargo | Airports | International Trade

UAE halts flights to Iran, except Tehran, as virus cases rise

Bloomberg | February 25, 2020 | Air Cargo | Airports

Boeing CEO faces long to-do list to collect $7 million bonus

Bloomberg | February 24, 2020 | Air Cargo | Airlines

DHL Express upgrades its fleet with six new Boeing 777 Freighters this year

DHL Express, the world’s leading international express service provider, is receiving six new Boeing 777F-200 cargo aircraft this year. The first of these planes to come in 2020 landed last Thursday at its future base of operations, the Cincinnati/Northern Kentucky International Airport (CVG).

FIS Air Freight Report February 24, 2020

AJOT Newsroom | February 24, 2020 | Air Cargo | General

Rates from Frankfurt to Shanghai start an initial descent back to normal levels, however they are still held up to $2.15 (down 63 cents or 22.7% from last week).

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