Cargolux CEO Dirk Reich to step down

Multiple European media sources, including Tageblatt and Radio 100.7 out of Luxembourg, have reported that Dirk Reich, CEO of Cargolux, has decided to leave the company. The reports from Wednesday are based on information from two “well informed” sources, who had apparently spoken to the radio station. Air Cargo Eye has also reported that Richard […]
  • Lewis King
  • June 29, 2016

New UPS sorting facility in France signals optimism for EU growth

UPS appears to be confident that France and the European Union, – even without the U.K. – will remain a strong-enough economic driver of the global economy to justify a new US$100 million facility nears the adjoining cities of Corbeil-Essonnes and Evry. The center is due to open in early 2018 and will feature UPS’s […]
  • Lewis King
  • June 28, 2016

Serbia, U.S. route ends 24-year hiatus

Air Serbia launched flights to the United States last week, marking the first time direct service has existed between the two countries since the Balkans wars in the 1990s. The A330-200 used on the new route is of interest to freight forwarders in Eastern Europe and North America, thanks to its ample belly capacity. The […]
  • Lewis King
  • June 27, 2016

Uncertainty prevails in air cargo following Brexit vote

The medium- to long-term impact of the historic “Brexit” vote held yesterday is still unclear, with industry insiders confident that little will change in the immediate future. As the news of the U.K.’s referendum on leaving the EU came in late on Thursday night, British and European trade groups underlined the importance of a pragmatic […]
  • Lewis King
  • June 24, 2016

Korean Air suspends São Paulo route, slows Jakarta frequencies

Korean Air announced that they are suspending its thrice weekly service between Seoul Incheon and São Paulo Guarulhos, via Los Angeles International, effective Sept. 26, citing low passenger demand. The cancellations will only go into effect after the Rio de Janeiro Olympic Games. The suspension is in response to a dramatic drop in revenues as […]
  • Lewis King
  • June 23, 2016

Jan de Rijk, China Eastern Airlines team up on new Europe flights

Dutch transportation and distribution provider Jan de Rijk Logistics will start providing road-feeder services in Prague and Amsterdam for China Eastern Airlines, effective today. China Eastern Airlines is starting the route with three A330-200 flights a week. The carrier is also rolling out passenger flights between Shanghai and Amsterdam on A330-200 aircraft four times a […]
  • Lewis King
  • June 23, 2016

Ethiopian, Astral look for growth beyond Africa

Africa’s most outward-looking cargo carriers used this week’s Africa Air Cargo Summit in Addis Ababa to outline their expansion plans as they look to take advantage of international interest in the African economy. Both Ethiopian Cargo and Astral Aviation have medium-term plans to add freighters and/or international cargo hubs in Africa. Astral Aviation CEO Sanjeev […]
  • Lewis King
  • June 23, 2016

Atlas Air to integrate Southern Air under single AOC

Atlas Air Worldwide Holdings’ president and CEO William Flynn has confirmed plans to integrate Southern Air under a single air operator’s certificate (AOC) with Atlas Air. The announcement comes just months after Atlas acquired the Southern’s parent Southern Air Holdings. Gaining a single AOC from the U.S. Federal Aviation Administration is expected to take between […]
  • Lewis King
  • June 22, 2016

FedEx releases strong 2016 numbers, adds to its 767 fleet

FedEx has beaten analysts’ projections for fiscal year 2016, posting a 7.4 percent fourth-quarter rise in revenues to US$13 billion. The latest numbers round out the year’s revenue total to $50.4 billion, an increase of almost $3 billion over FY2015, and an adjusted net income of $3.02 billion, compared to the $2.57 billion figure from […]
  • Lewis King
  • June 22, 2016

India encourages foreign investment by loosening FDI rules

In an attempt to attract more foreign funds to boost the nation’s businesses, India’s government this week relaxed the rules regulating the amount of foreign direct investment (FDI) allowed across a wide spectrum of Indian business sectors, including the aviation industry. Under the new rules, India will now allow non-airline companies to own up to […]
  • Randy Woods
  • June 22, 2016

ABC continues cargo growth with strong May performance

AirBridge Cargo extended its strong performance in 2016, reporting a 31 percent tonnage increase, year-over-year, in May. The Moscow-based all-cargo airline increased- its freight tonnes kilometer totals for the month by 21 percent, y-o-y, and 24 percent for the first five months of 2016, compared to the same previous period. ABC carried 50,482 tonnes of […]
  • Lewis King
  • June 20, 2016

RIOgaleão Cargo welcomes An-124-100 from China

An An-124-100/RM aircraft visited Brazil’s RIOgaleão Cargo terminal at the Tom Jobim International Airport with a 32-ton payload last week. The freighter delivered a telescopic access bridge, sent from Shanghai, with the dispatch and handling operations lasting about eight hours. The Antonov’s specialized cargo was more than 34 meters long, 4.2 meters high and 2.7 […]
  • Lewis King
  • June 20, 2016

Atlas accelerating pivot from heavy freight to express

Atlas Air Worldwide Holdings (AAWW) is pivoting towards e-commerce and express shipments to take advantage of high-growth markets, said CEO William Flynn at the company’s investor meeting yesterday. And while Atlas already has a reputation as one of the more dynamic cargo airlines, the announcement accelerates its move away from heavy freight and towards more […]
  • Lewis King
  • June 17, 2016

Cathay Pacific/Dragonair post weak May numbers despite uptick in cargo

Cathay Pacific Airways and Dragonair’s May cargo numbers are up, despite a decline in passengers during a month that Cathay Pacific general manager for revenue management Patricia Hwang called, “traditionally one of the slower months for travel.” The jointly owned airlines carried 145,102 tonnes of mail and cargo in May, down 1.3 percent compared to […]
  • Lewis King
  • June 17, 2016
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