Alexey Isaikin, the owner of the Volga-Dnepr aviation conglomerate, is exiting the group and handing the reins to management. The Russian entrepreneur’s plan was confirmed by a speaker of the Group. He said that Mr. Isaikin is getting rid of his entire stakes in all of the Group’s entities. The intended change of ownership is a precondition to saving Volga-Dnepr and Co. from bankruptcy. Once legally ensured, the conglomerate could restart doing business outside Russia, based on a new AOC. Provided the plan comes to fruition, it would immunize the enterprise from being sanctioned by Western countries. Read more >>
The press releases are coming in thick and fast regarding Boeing and sustainability efforts. If progress is made at the same speed, then this bodes well for the aviation industry. The plane maker has assumed the role of “Aviation Sector Champion” in the First Movers Coalition, recruited a SAF expert, and announced plans for a Research & Technology Center in Japan. Read more >>
Visionary transportation projects are en vogue. And besides their economic advantages, the focus is also always on climate friendliness. This applies to commercial drone operations, tube trains such as the Hyperloop, mega-sized transport aircraft like the AirLander, as well as to Argo, a hydrogen-powered box carrier that will be cruising the seas come 2025, the operators announce. Read more >>
Apart from some critical raw materials such as gas, coal or – to a lesser degree - oil, Russia has been largely cut off from trade with the West following its invasion of Ukraine. While the economy is going south, Moscow is eagerly looking for alternative ways to compensate for the loss of trade and supply by shifting its attention from the EU and partially North America to alternative markets. Since March, China and India have increasingly been put under Moscow’s microscope. Read more >>
On 10MAR22, both companies signed an agreement to mutually deploy Boeing 777 freighters. The first Triple Seven all-cargo aircraft resulting from this order has now been delivered to Singapore Airlines. A second B777F will follow in October, with the remaining three scheduled to come in 2023. All jetliners will be operated by SIA crew and be deployed on transpacific routes linking Singapore with the U.S. Read more >>
One of the most outstanding, inspiring, and innovative minds in the air cargo industry is gone forever: Christopher Foyle. As the scion of a famous British Bookstore family, he was extremely broad in terms of topics, socially committed and married not only to his wife Catherine, but to the aviation industry. Read more >>
Russia’s largest aviation conglomerate, the Volga-Dnepr consortium, is laying off almost all of its Boeing pilots. Affected are more than 200 cockpit personnel flying the Boeing 747-400F and B747-8F versions operated by Volga-Dnepr’s line-haul arm, AirBridgeCargo Airlines (ABC), reports local paper, Vedomosti. The flight crews of Volga-Dnepr’s regional freight subsidiary, ATRAN Airlines, which also operates Boeing 737-400F and B737-800 BCF aircraft, are suffering the same fate. Read more >>
The logistics heavyweight has added Latin America to its network of regular charter operations. Targeting destinations south of the Panama Canal is a first for Deutsche Bahn’s logistics unit. The flights will be conducted once a week (every Sunday) and operated by LATAM Cargo, sources close to the case confirmed to CargoForwarder Global. Read more >>
Leipzig/Halle Airport (LEJ) is best known for its remarkable ascent as a base for DHL Express, becoming the integrator’s largest hub worldwide. Lately, Amazon and its subsidiary Prime Air have additionally spurred the throughput of e-commerce, cementing LEJ’s position as a leading global gateway for express goods. In contrast, general cargo traditionally only plays second or even third fiddle at the Saxon airport. Management has decided that this has to change and contracted a well-known and respected cargo veteran to accomplish the task. Read more >>
There has been a great deal of movement within aviation and air logistics this week, and not just regarding boxes and containers. From acquisitions to accidents, all the way through to possibly alarming situations, CargoForwarder Global takes a whirlwind look at the various goings-on. Read more >>
On 13SEP19, German Aviation Regulator LBA granted CargoLogic Germany (CLG) an Air Operator Certificate. However, the Leipzig-based cargo carrier, which is legally independent but belongs to the Russian Volga-Dnepr Group, will not live to see its third birthday. "In the coming days, we will completely dissolve the company," Accountable Manager, Dierk Naether confirmed to CargoForwarder Global in an exclusive interview. Read more >>
Liège (LGG) is the operational, technical, and logistical center of the Malta-based Challenge Group. There, in addition to air transportation to a variety of destinations, it offers the
market a bundle of coordinated services, from ground handling to trucking, charter flights, and line maintenance assistance.
Following the example of its extensive activities in Liège, the Group also plans to operate a cargo center in the U.S. in future. Group CEO, Yossi Shoukroun, and Challenge Communications
Officer, Gianluca Marcangelo, confirmed these intentions to CargoForwarder Global in an exclusive interview. Read more >>
Deutsche Post (DP) reports a 23.4% increase in revenue for Q2 compared to the same period last year. Operating income (Ebit) grew 12.2% to 2.3 billion euros, leaving a bottom-line profit of around 1.5 billion euros. The main driver was Global Forwarding Freight - currently the Group's top-selling unit. Thanks to sustained global demand for transport services, coupled with high freight rates, the business unit more than doubled its operating profit in the second quarter to 746 million euros. Read more >>
“Private Freight Exchange” is the name of Berlin, Germany-based logistics platform, Trans.eu’s latest digital enhancement: a safe space for online communication between shipper, forwarder, and road feeder service providers. Read more >>
…claims Nol van Fenema. Nol is retired but, in his active days, he was the grand seigneur of cargo and logistics reporting, founder of Payload Asia, and long-time contributor to CargoForwarder Global. He is surprised at the dilettantism with which CMA CGM and AF-KLM-MP Cargo have communicated their intended merger, and at which questions still remain unanswered. Internal communications have not worked either, as evidenced by the leaving of two high-ranking managers CMA CGM had hired to run its new cargo airline just a couple of weeks before announcing its marriage with the Franco-Dutch cargo airline.
