Turkish Airlines adds Cambodian freight route

Very few airfreight markets are showing double-digit growth these days, but Phnom Penh in Cambodia is an exception, with recorded tonnage growth of 17.3 percent, year-over-year, in 2015. This week, Turkish Airlines became the latest carrier to enter the market with the launch of its new weekly service from Istanbul, using a 60-tonne-capacity A330-200F. Foremost, […]

ASL finalizes purchase of TNT air operations

The first ripples of the FedEx/TNT deal are about to be felt in Europe with ASL Aviation Group’s announcement today that it has completed the purchase of the airline operations of TNT Express, which includes Belgian subsidiary TNT Airways and Pan Air Líneas Aéreas, based in Spain. ASL also signed a multi-year service agreement to […]

Increasing connectivity into the Lone Star State

The anemic state of the oil and gas industry doesn’t seem to be deterring airfreight carriers from expanding service into Texas. Recent announcements this month from Russia-based AirBridgeCargo, and U.S.-based United Airlines Cargo promise an uptick in activity moving through Texas’ Houston gateway.  To start, on May 9, United Airlines announced a new code-share agreement […]

Long-running Air Cargo Antitrust Litigation reaches its end

With the announcement that  the last remaining carrier yet to stand trial, Air India, agreed to settle out of court for US $12.5 million, it is finally case-closed for the decade-long anti-trust lawsuit.  Air India was originally scheduled to stand trial in September to refute the accusation it had colluded with other airlines to artificially […]

Silk Way, EgyptAir crashes leave aviation industry shaken

Within a matter of hours between Wednesday afternoon and this morning, two unexplained fatal aircraft crashes – one an Antonov An-12 cargo plane, the other an EgyptAir A320 passenger aircraft – have shaken the aviation industry, sending investigators scrambling to find the causes. On the afternoon of Wed., May 18, the An-12 freighter, owned by […]

Qatar Airways raises stake in IAG – again

For the second time in less than a month, Qatar Airways Ltd. increased its stake in IAG SA, an airline holding group with a portfolio that includes British Airways, Iberia Airways and other prominent airlines. Qatar Airways’ move to bump its stake to 15.1 percent comes on the heels of a recent jump from 9.99 […]

Lufthansa, Cathay Pacific: A partnership of giants

Two of the world’s top three international cargo carriers have joined forces. Lufthansa and Cathay Pacific rank second and third, respectively, among all airlines in international cargo traffic, trailing only Emirates. So their formation of a joint network to connect Hong Kong to Europe, as announced today, is an interesting move. See details from our sister publication, Cargo […]

Record profit for Emirates in 2015

UAE-based Emirates reported a record profit of US$2.2 billion for the year 2015, in spite of softer revenues, which dropped 3 percent, year-over-year, to $25.3 billion. Revenues from the group’s SkyCargo division comprised 14 percent of the airline’s overall transport revenue, even as Skycargo unit revenues dropped 9 percent to $3 billion. Lower yields were […]

Fortunes shift for West Atlantic in 2015

For Sweden-based West Atlantic, 2015 was an exceptionally challenging year, during which the company’s profits dipped into the red, from a US$1.3 million profit in 2014, to a loss of $6.1 million in 2015. Despite higher revenues in 2015, which rose 13.7 percent over the previous year, to $173 million, the integrated mail and express […]

Tough Q1 for Lufthansa Cargo

First-quarter performance at Lufthansa’s logistics division, which includes its cargo operations, lagged behind other segments, incurring a US$22 million loss during the first three months of 2016 as EBIT dropped by $82 million, compared with Q1 2015 data.  Revenues contracted by a whopping 21.8 percent, which Lufthansa blamed on overcapacity and weak demand, two factors […]

Etihad invests in Parma for cargo returns out of Milan

UAE-based Etihad Airways signed an agreement to establish a new cargo transit center at Parma Airport aimed at increasing the centrally located Italian airport’s cargo handling and transfer operations. Etihad said it expects the investment will translate into additional outbound cargo shipments beginning this summer from its main Italian cargo hub in Milan.  Parma is […]

Qatar ups stake in IAG despite ‘challenging’ Q1 for cargo

In the face of what it is calling “challenging market conditions,” IAG Cargo said its commercial revenues for the first quarter of 2016 for 1.5 percent to €262 million, compared to the same Jan.1 to March 31 period last year. While cargo figures were unimpressive, IAG’s overall performance was strong enough for Qatar Airways to […]

Etihad Airways Cargo tonnage up 4 percent in 2015

Abu-Dhabi-based Etihad Airways reported its largest net profit ever in 2015, a figure that jumped 41 percent, year-over-year, to US$103 million. Low oil prices and strong demand for cargo, passenger and other ancillary services helped elevate the carrier’s profitability last year. Cargo tonnage, in particular, grew by 4 percent to 591,000 tonnes. Growth in cargo […]

Atlas Air calls pilots’ union mediation request ‘premature’

One day after unions representing pilots who fly DHL routes for Atlas Air Worldwide Holdings, Inc. (AAWW) requested mediation support by the National Mediation Board (NMB), Atlas Air responded, saying the mediation request was “premature,” and added that the union has no right to strike under the latest Joint Collective Bargaining Agreement. “The negotiation process […]
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