Digital freight forwarder Zencargo raises US$4 million

London-based digital freight forwarder Zencargo today announced the completion of its “seed plus” round of funding, led by LocalGlobe, with participation from Samos Investments and Picus Capital, bringing total funds raised to more than US$4 million for the startup. Zencargo said the money will go toward accelerating its product development process and expand its presence […]

Changi Airport reports August cargo decline

August freight volumes dropped slightly for Singapore Changi Airport, with the airport handling 153,000 tonnes of cargo. A 0.9-percent, year-over-year, decline, Changi officials attribute this loss to a marked decrease in import and export traffic.
  • Staff Reports
  • September 22, 2011

Atlas Air rescinds first three 747-8F orders

Atlas Air has canceled the first three of 12 747-8Fs it ordered from Boeing in September 2006. Citing production delays and concerns about the aircraft’s performance, Atlas Air exercised its termination rights for the three early-model freighters, which were scheduled for delivery this year.
  • Staff Reports
  • September 22, 2011

Airbus anticipates exponential demand for freighters

The global aviation industry will create a demand for 900 new freighters by 2030, Airbus officials estimate in their latest Global Market Forecast. This projection, combined with the expected demand for 26,900 new passenger planes, signals good news for a sector that has been affected by the recent economic downturn.
  • Staff Reports
  • September 21, 2011

Human element needed for intelligent security

Those attending the International Quality and Productivity Centre’s third-annual Aviation Summit held in Dubai September 18 to 21 were left in no doubt about the scale of problems and the escalating sophistication of both criminal and terrorist groups. But the main theme running through the conference was one of humanity — in order to stop […]
  • Staff Reports
  • September 21, 2011

GACAG forms airfreight task forces

The Global Air Cargo Advisory Group has formed four task forces to spirit change throughout the worldwide aviation sector: e-commerce, Customs and trade facilitation, security, and sustainability in the global air cargo industry. By establishing these task forces, GACAG members hope to address some of the key issues affecting the industry’s future.
  • Staff Reports
  • September 21, 2011

IATA slashes airfreight growth projection

This year’s cargo market has been hit harder than International Air Transport Association executives originally projected, with weak airfreight volumes out of the Asia-Pacific cutting into the industry’s profitability. It’s been so bad, in fact, that IATA officials have lowered their growth projection for 2011 from 5.5 percent to 1.4 percent.
  • Staff Reports
  • September 21, 2011

MASkargo takes delivery of A330-200F

MASkargo officials have taken delivery of the first of four A330-200 freighters from Airbus at a ceremony in Toulouse, France. Airbus will deliver one more freighter to MASkargo this year; the rest are scheduled for delivery in January and April.
  • Staff Reports
  • September 20, 2011

Cargolux “rejects” scheduled 747-8F deliveries

After months of preparations and two years of delays, Boeing 747-8F launch customer Cargolux renounced delivery of the first two freighters three days before the carrier was set to procure them. The September 16 announcement, which sent shockwaves throughout the airfreight industry, came amid plans for a three-day ceremony commemorating the launch at Boeing’s Everett, […]
  • Staff Reports
  • September 19, 2011

Qatar Airways expands European presence

Qatari flag carrier Qatar Airways has launched service to Sofia, Bulgaria. Operating the route four times a week, Qatar Airways has increased its European presence tremendously in the past nine months, also launching service to Bucharest, Budapest, Brussels, Stuttgart and Venice.
  • Staff Reports
  • September 16, 2011

Air France-KLM buys Boeing, Airbus

In its first joint long-haul order, Air France-KLM will purchase 25 Airbus A350s, with an option for 35 additional planes, and 25 Boeing 787-9 Dreamliners, with an option to buy 25 more.
  • Staff Reports
  • September 16, 2011

UPS expands Cologne/Bonn Airport hub

UPS is expanding its air hub at Germany’s Cologne/Bonn Airport, deploying new technologies and increasing the size of its current facilities. The $200 million project, which will enable UPS to process larger shipments, is slated for completion by the end of 2013.
  • Staff Reports
  • September 15, 2011

FRA experiences August cargo slump

The Fraport Group, which operates Germany’s Frankfurt Airport (FRA) and holds majority stake in Peru’s Jorge Chávez International Airport, Turkey’s Antalya Airport and Bulgaria’s Bourgas International Airport, has announced its traffic figures for August. But of these four airports, it’s FRA’s cargo slump that has really caught the attention of industry insiders.
  • Staff Reports
  • September 15, 2011

Successful iFlex flight advances route selection

A Delta flight between Johannesburg and Atlanta marked the successful culmination of the International Air Transport Association’s first iFlex trial. iFlex, which seeks to improve the route-selection process on long-haul flights, could boost airline operations tremendously, industry insiders state.
  • Staff Reports
  • September 14, 2011