Atlas Air to operate 747F for SF Express on trans-Pacific routes

Atlas Air Worldwide Holdings’ subsidiary Atlas Air recently inked a new ACMI lease agreement with SF Express to operate a 747-400F on trans-Pacific routes for the express carrier. The deal, which will commence in October, will expand the Shenzen-based SF Express network into the trans-Pacific market. SF Express has traditionally operated a fleet of narrowbody […]

ECC signs first-ever MoU with forwarder

Etihad Crystal Cargo has made history with the signage of its MoU with the WCA Family, a global network of independent freight forwarders representing more than 640 ports and cities. The first such agreement between a carrier and a forwarding group, the MoU enables ECC to take on a vendor role with the WCA Family.
  • Staff Reports
  • September 29, 2011

Japanese forwarders plead guilty to price fixing

Six Japanese freight forwarders have pleaded guilty in the U.S. Department of Justice’s ongoing air cargo price-fixing investigation and will be fined a total of $46.8 million. With these new plea deals, 12 freight-forwarding companies have pleaded guilty to price fixing, agreeing to pay a total approaching $100 million.
  • Staff Reports
  • September 29, 2011

Emirates expands U.S. presence

Emirates officials announced plans to launch daily, nonstop service from the airline’s Dubai hub to both Dallas/Fort Worth Airport and Seattle-Tacoma International Airport. Commencing February 2 and March 1, respectively, the new routes will boost freight operations between the two regions tremendously, according to a company release.
  • Staff Reports
  • September 29, 2011

A330s come to AviancaTaca amid cargo push

AviancaTaca has ordered four A330-200 freighters from Airbus, making it the first Latin American carrier to commit to the freighter. Tampa, AviancaTaca’s cargo subsidiary, will operate the craft starting in December of next year.
  • Staff Reports
  • September 29, 2011

Economic troubles depress European airfreight

It is one of the ironies of the European currency union that if the European Union had applied its own rules about national economic debt back in 1999, Germany, one of the economic stabilizers in the current climate, would not have made the cut. The countries that went on to power the European economy initially […]
  • Staff Reports
  • September 28, 2011

Five Questions with … Tony Tyler

Although Tony Tyler only succeeded Giovanni Bisignani as director general of the International Air Transport Association in July, he has already made quite a name for himself in the industry. Tyler recently sat down with Air Cargo World to discuss how he plans to blaze his own trail while also building off Bisignani’s success.
  • Staff Reports
  • September 28, 2011

Abu Dhabi airport moves ahead with perishable center

Officials at Abu Dhabi International Airport have completed the 6,000-square-meter first phase of a new perishable cargo terminal. Features of the completed terminal will include dedicated storage for food, a separate room for palletized goods, a Customs area and a room dedicated to food inspection. The second phase of the project is slated to be […]
  • Staff Reports
  • September 27, 2011

Asian carriers bulk up with Boeing freighters

With its order for eight Boeing 777 freighters, Cathay Pacific looks set to defend its perch at the top of the international air cargo carrier hierarchy. Officials have now signaled to the market that they view the current softness as a temporary phenomenon.
  • Staff Reports
  • September 27, 2011

IATA director general challenges EU ETS

Tony Tyler, the director general and CEO of the International Air Transport Association, has spoken out about the extremely divisive European Union Emissions Trading Scheme and its “misguided” approach to sustainability. Addressing attendees of the recent Greener Skies conference in Hong Kong, Tyler laid out a new plan to reduce carbon emissions — one that […]
  • Staff Reports
  • September 27, 2011

Is the born-again AN-124 ready for reconstruction?

It has been likened to raising the Titanic off the ocean bed. But the project to restart production of the modern-day Titan of the skies, in the shape of the AN-124-100 freighter, appears to be moving determinedly ahead.
  • Staff Reports
  • September 27, 2011

Cargolux ‘rejects’ Boeing 747-8F delivery

After months of preparation and two years of delays, Boeing 747-8F launch customer Cargolux renounced delivery of the aircraft three days before the delivery ceremony.
  • Staff Reports
  • September 27, 2011

Public valuations on the rise

Aviation companies have seen rising revenues during the first and second quarter of 2011, but this monetary boost hasn’t increased multiples or private-deal activity. Although the total enterprise value (TEV) (or the market value sum of debt and equity) reached a new high in the first quarter of 2011, the EBITDA multiples (TEV/earnings before interest, […]
  • Staff Reports
  • September 27, 2011