Air Cargo

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

Delta sets plans to resume some global flying cut by pandemic

Bloomberg | August 21, 2020 | Air Cargo | Airlines

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USDOT Secretary Elaine L. Chao announces $7.5 MIL in 19 unmanned aircraft system research grants

Air Freight News | August 21, 2020 | Air Cargo | Technology | Shipping Technology

U.S. Transportation Secretary Elaine L. Chao today announced that the Federal Aviation Administration (FAA) is awarding $7.5 million in research, education, and training grants to universities that comprise the agency’s Air Transportation Center of Excellence (COE) for Unmanned Aircraft Systems (UAS), also known as the Alliance for System Safety of UAS through Research Excellence (ASSURE).

Swissport securing additional liquidity and agreement in principle

AJOT | August 21, 2020 | Air Cargo | Airports

A group of senior secured creditors has committed to provide 300 million euros of interim liquidity to support operations through the completion of the restructuring. The agreement ‘in principle’ on a comprehensive restructuring includes significant deleveraging and a new 500 million euros long term debt facility, which will replace the interim facility

Emirates nears deal on Boeing jets with 777X timing unresolved

Bloomberg | August 20, 2020 | Air Cargo | Airlines

Commerce applauds NAPA study reaffirming the department as the lead agency for space traffic management

AJOT | August 20, 2020 | Air Cargo | Technology

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BB International gets surgical masks to France

AJOT | August 20, 2020 | Air Cargo | Charters

BB International Project, member to the Worldwide Project Consortium (WWPC) for France, have participated to the air bridge between China and France of masks supply by order of the French government.

American Airlines drops flights to 15 smaller US cities

Bloomberg | August 20, 2020 | Air Cargo | Airlines

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FIS Air Freight Report August 17, 2020

AJOT | August 20, 2020 | Air Cargo | General

No change in terms of the lack of direction in the market this week, near term pricing remains unpredictable - however the general sense of constrained capacity and cargo growth in Q4 remains.

Singapore Air goes through half of cash raised in two months

Bloomberg | August 20, 2020 | Air Cargo | Airlines

South Africa in talks with keen investors in state airline

Bloomberg | August 20, 2020 | Air Cargo | Airlines

Qantas reports $1.96 billion loss and sees more pain to come

Bloomberg | August 19, 2020 | Air Cargo | Airlines

Delta restores two China flights as travel demand inches up

Air Cargo

Bloomberg | Top Story | August 19, 2020

Delta restores two China flights as travel demand inches up

Delta Air Lines Inc. will restart two weekly flights between the U.S. and China next week, bringing its total to four, because of increased customer demand and recent government approval for such service.

UK working on Covid tests at airports to ease quarantine

Bloomberg | August 19, 2020 | Air Cargo | Airports

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Southwest spurs airline rally with ‘modest’ boost in demand

Air Freight News | August 19, 2020 | Air Cargo | Airlines

Southwest Airlines Co. sparked a rally in airline shares after saying improved leisure travel demand for August and September would help reduce its daily cash losses this quarter to about $20 million amid the coronavirus pandemic.

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South Africa starts talks with potential buyers of state airline

Bloomberg | August 19, 2020 | Air Cargo | Airlines

South Africa’s government has started talks with private entities interested in buying into the country’s insolvent national carrier, which needs at least 10 billion rand ($583 million) to resume operations.

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Qatar Airways rebuilds network to more than 550 weekly flights to over 85 destinations

AJOT | August 19, 2020 | Air Cargo | Airlines

The airline also recently announced the resumption of flights to Adelaide, Auckland, Houston, Kigali, London Gatwick, Nairobi, Philadelphia and Sialkot

German airlines pitch plan to return trans-Atlantic flights

Bloomberg | August 19, 2020 | Air Cargo | Airlines

United Airlines Doubles Service Between San Francisco and Shanghai

AJOT | August 19, 2020 | Air Cargo | Airlines

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Bain on hook for $543 million break fee If Virgin deal fails

Bloomberg | August 18, 2020 | Air Cargo | Airlines

Bain Capital has agreed to pay A$750 million ($543 million) should it fail to buy Virgin Australia Holdings Ltd., an unusually high break fee that helped win over the collapsed airline’s administrator.

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Volga-Dnepr steps in to speed up completion of power plant project in Vietnam

AJOT | August 18, 2020 | Air Cargo | Freighters

Volga-Dnepr Airlines, the world’s leader in oversized and super-heavy air cargo transportation, has once again demonstrated agility and flexibility while organizing a charter flight with high voltage equipment onboard to empower construction of a 450MW solar power plant in Vietnam.