Air Cargo

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

Boeing Rules Out Federal Aid After Raising $25 Billion of Bonds

Bloomberg | April 30, 2020 | Air Cargo | Airlines

Boeing Co. sold $25 billion of bonds in the largest offering this year, eliminating the need for more cash as the coronavirus pandemic upends the global aviation industry.

United Airlines Sees Cash Burn Easing on Virus-Era Cost Cuts

Bloomberg | April 30, 2020 | Air Cargo | Airlines

United Airlines Holdings Inc. will wrestle its average daily cash burn down to no more than $45 million in the second quarter as the carrier braces for a prolonged travel slump due to coronavirus.

American Air Focuses on U.S. Aid While Rivals Sell Bonds, Equity

Bloomberg | April 30, 2020 | Air Cargo | Airlines

American Airlines Group Inc. is doubling down on government aid even as rivals expand their funding sources with sales of shares and bonds.

Lufthansa Running Out of Bailout Road as Germany Sets Terms

Bloomberg | April 30, 2020 | Air Cargo | Airlines

Germany’s government has set out a unified position on a bailout for Deutsche Lufthansa AG, with the airline group expected to accept a significant state stake and veto rights in exchange for a multibillion-euro package of assistance, according to people familiar with the matter.

US Transportation Secretary Chao announces over $1 billion in grants to 439 airports in 50 states

AJOT Newsroom | April 30, 2020 | Air Cargo | Airports

DB Schenker starts China-Shuttle from Shanghai to Munich

AJOT Newsroom | April 30, 2020 | Air Cargo | Air Forwarders | Logistics

Three Boeing 767 passenger aircraft from Icelandair converted exclusively for DB Schenker • Further connections planned, including to Chicago • Urgently-needed capacity to tackle bottleneck from Coronavirus

Boeing gets $50 billion of orders for bonds amid strong demand

Bloomberg | April 30, 2020 | Air Cargo | Airlines

All those parked 747s herald peak oil demand

Bloomberg | April 30, 2020 | Air Cargo | Airlines | Energy

Airbus develops design tweak to allow planes to carry more cargo

Bloomberg | April 30, 2020 | Air Cargo | Freighters

Lufthansa running out of bailout road as Germany sets out terms

Bloomberg | April 30, 2020 | Air Cargo | Airlines

Air-Cargo crunch paves market for 6,000-mile trucking route

Bloomberg | April 30, 2020 | Air Cargo | Technology

Comair warns on finances with South African flights months away

Bloomberg | April 30, 2020 | Air Cargo | Airports

Japan Airlines posts loss, pulls dividend as virus hits travel

Bloomberg | April 30, 2020 | Air Cargo | Airlines

Virgin Australia draws 20 suitors in race for sale by June

Bloomberg | April 30, 2020 | Air Cargo | Airlines

Philippine carriers ask for help as losses hit 19 billion pesos

Bloomberg | April 29, 2020 | Air Cargo | Airlines

Boeing jumps after job, output cuts reveal plan for virus era

Bloomberg | April 29, 2020 | Air Cargo | Airports

Mnuchin says no plans for more virus rescue money for airlines

Bloomberg | April 29, 2020 | Air Cargo | Airlines

Air Cargo

AJOT Newsroom | April 29, 2020

Alaska Air Cargo begins testing passenger aircraft to fly critical cargo

Alaska Air Cargo announced it will fly passenger jets as cargo-only flights to carry essential goods like mail, medical equipment, e-commerce packages and food throughout its domestic network. Filling the passenger cabin with cargo will backfill the loss in capacity across the continental United States and Hawaii after passenger flights were reduced.