Air Cargo

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

It’s a “lessors’ market” says IBA, as engine lease rates and market values escalate

AJOT Newsroom | April 25, 2024 | Air Cargo | Airlines

Southwest Air is considering ditching unassigned seating

Bloomberg | April 25, 2024 | Air Cargo | Airlines

Lufthansa slated to boost EU offer to save €325 million ITA deal

Bloomberg | April 25, 2024 | Air Cargo | Airlines

Air Canada upgraded to ‘BB’ from ‘BB-’ on lower sustained debt

AJOT Newsroom | April 25, 2024 | Air Cargo | Airlines

[Freightos Weekly Update] Seizure of MSC ship by Iran latest challenge to container market

Boeing prosecutors aim to decide criminal charge by early June

Bloomberg | April 25, 2024 | Air Cargo | Airlines

The US Justice Department could decide by the first week of June whether to tear up its controversial deferred-prosecution agreement with Boeing Co., according to lawyers for the families of people killed in two crashes of 737 Max jets.

Wizz Air narrows full-year profit target amid engine issues

Bloomberg | April 25, 2024 | Air Cargo | Airlines

AirAsia plans new listing with $1.4 billion merger of units

Bloomberg | April 25, 2024 | Air Cargo | Airlines | Intermodal

India’s IndiGo gets into longhaul game with Airbus A350 deal

Bloomberg | April 25, 2024 | Air Cargo | Airlines

American Air sees return to profit on summer travel demand

Bloomberg | April 25, 2024 | Air Cargo | Airlines

Logicsols chooses BlueBox Systems due to excellent air freight data

AJOT Newsroom | April 24, 2024 | Air Cargo | Technology

BlueBox Systems, one of the leading developers of intelligent air freight tracking solutions, has gained a new customer for its state-of-the-art air freight tracking programming interface: Logicsols.

FIATA and IATA united for resilience

AJOT Newsroom | April 24, 2024 | Air Cargo | Freighters | Logistics

FIATA International Federation of Freight Forwarders Associations opened the 2024 edition of the annual FIATA HQ Meeting yesterday, under the theme “Uniting for Resilience”.

U.S. Navy selects Electra to design ship-based eSTOL logistics aircraft

AJOT Newsroom | April 24, 2024 | Air Cargo | Technology | Green Shipping

Electra.aero, Inc. ("Electra"), a next-gen aerospace company committed to decarbonizing aviation and opening new air transportation markets, today announced that the U.S. Navy has awarded Electra a contract under the Naval Air Systems Command (NAVAIR) to explore the use of Electra's electric short takeoff and landing (eSTOL) aircraft as a next-generation aviation solution for logistics in a contested environment.

Routes Europe officially handed over to 2025 hosts

AJOT Newsroom | April 24, 2024 | Air Cargo | Airports

On the final day of the 2024 edition of the event, Aarhus Airport and VisitAarhus officially handed over the hosting responsibilities of Routes Europe to the Government of Spain, The Regional Ministry for Tourism, Culture and Sport of the Government of Andalucia, and Seville City Hall.

Cargolux posts profit for 2023

AJOT Newsroom | April 24, 2024 | Air Cargo | Freighters

The Cargolux Group (Cargolux) generated a positive net result for its 2023 financial year despite challenging market conditions, a reflection of the company’s agility in changing market conditions. Cargolux generated:

Air Charter Service announces new head of Swiss office

Leading aircraft charter specialist, Air Charter Service, has announced Arthur Guibert as the new CEO for its Swiss office, in Geneva.

Ryanair CEO urges leadership continuity at Boeing in crisis

Bloomberg | April 24, 2024 | Air Cargo | Airlines

Boeing CEO upbeat on cash goal, says quality review progressing

Bloomberg | April 24, 2024 | Air Cargo | Airlines

Boeing Co. Chief Executive Officer Dave Calhoun said the embattled planemaker is making progress toward turning around its manufacturing and that it will hit its mid-decade cash-flow goal, even after reporting a major outflow in the first three months of the year as it slows output.