Air Cargo

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

Aeroflot Group announced operating results for May 2020

AJOT | June 22, 2020 | Air Cargo | Airlines

Lufthansa’s Fate Will Affect Thousands of German Savers Holding Its Debt

Bloomberg | June 22, 2020 | Air Cargo | Airlines

France Takes Aim at Low-Cost Carriers With Ban on Short Routes

Bloomberg | June 22, 2020 | Air Cargo | Airports | Intermodal

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Final Virgin Australia Bids a Key Test for Ailing Airlines

Bloomberg | June 22, 2020 | Air Cargo | Airlines

The final bids for Virgin Australia Holdings Ltd. will show how much appetite private investors really have for an airline industry that’s been battered by the coronavirus pandemic.

U.S. Rejects Additional Flights Sought by Chinese Airlines

Bloomberg | June 22, 2020 | Air Cargo | Airlines

American Air Braces Balance Sheet With $3.5 Billion in Financing

Bloomberg | June 21, 2020 | Air Cargo | Airlines

United Air Is Said to Ready $5 Billion Debt Sale for Next Week

Bloomberg | June 19, 2020 | Air Cargo | Airlines

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Boeing Whistle-Blower Faults ‘Reckless’ FAA Review of 737 Max

Bloomberg | June 19, 2020 | Air Cargo | Airlines

Boeing Co. and the Federal Aviation Administration flouted regulations and ignored systemic safety concerns in the original certification of the 737 Max jetliner, a company whistle-blower told a U.S. Senate committee.

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Investments in airport pharma facilities paying off for WFS

AJOT | June 19, 2020 | Air Cargo | Airports

Worldwide Flight Services’ (WFS) investment in 12 dedicated pharma facilities at airports in Europe, the United States and Africa generated significant increases in time- and temperature-sensitive volumes in the first five months of 2020, and will provide vital support to airlines, freight forwarders and their healthcare customers involved in the global distribution of a coronavirus vaccine once one becomes available.

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German Mogul Builds War Chest Ahead of Lufthansa Aid Vote

Bloomberg | June 19, 2020 | Air Cargo | Airlines

The German billionaire who owns the biggest stake in Deutsche Lufthansa AG is building a war chest of cash as he agitates for eleventh-hour changes to the distressed airline’s 9 billion-euro ($10 billion) rescue.

Air Partner company Redline adds the CAA and Jet Edge to its growing customer base

AJOT | June 19, 2020 | Air Cargo | Charters

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Lufthansa Says A380s Won’t Return for at Least Two Years

Bloomberg | June 19, 2020 | Air Cargo | Airlines

Deutsche Lufthansa AG’s fleet of Airbus SE A380 jets will be mothballed for at least two years and may never return to service as demand for long-haul travel remains subdued in the wake of the coronavirus outbreak.

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Southern Spain’s Big Airbus Bet Goes Wrong as Suppliers Struggle

Bloomberg | June 19, 2020 | Air Cargo | Airlines

Over the course of almost a decade, Airbus SE supplier UMI Aeronautica SL pivoted from military to commercial aircraft, making parts including door components for the A320 and A330, among the most popular jets in the sky.

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May 2020: still very far from ‘normal’, but 11% increase over April – ‘conversions’ have some impact – continuous yield drop

AJOT | June 18, 2020 | Air Cargo | Freighters

After the extreme Covid-19 impact on air cargo volumes in the month of April, the provisional May-results look a bit different. Worldwide, chargeable weight carried by air, decreased with 29% compared with May 2019 (year-over-year, YoY). As the final YoY figure for the month of April was a decrease of 34%, the conclusion may be that May showed a slight improvement. The improvement was also visible month-over-month (MoM), as May showed an increase over April of 11%.

RBC, Brookfield CEOs join push against Trudeau travel rules

Bloomberg | June 18, 2020 | Air Cargo | Airlines

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Chapman Freeborn acquires Arcus Air Logistics

AJOT | June 18, 2020 | Air Cargo | Charters

On June 18 , 2020, Chapman Freeborn, a global aircraft charter specialist and company of the Avia Solutions Group (ASG), signed an agreement to acquire Arcus Air Logistics and Arcus Air OBC from the Arcus Air Group.