Today, August 15, Germany’s second largest airline next to Lufthansa has applied for insolvency. The step came after its major shareholder Etihad Airways (29.2 percent) refused to pump more funds into the ailing carrier, despite a former promise for financial support until the autumn of 2018. Read more>
The former founder of freight carrier Polet Airlines, Anatoly Karpov, has been denied by law to exit Russia. An arbitration court has enacted this restriction due to outstanding payments to the amount of €3 million by Karpov. Read more>
On 25 January 2016, the Stansted, UK-based freight airline was granted an Air Operator Certificate (AOC) by the national regulator, enabling it to carry out commercial air transportation operations. While it conducted ad-hoc flights since then, the carrier will now take the next step, offering their clients scheduled services. A big leap for the newcomer! Read more>
There is much work needed in order to bring the African air cargo market up to scratch and ensure that processes there throughout the supply chain can match those of their colleagues in Asia Pacific, Europe and North America. Strategic development in most parts of the African continent needs a lot of attention. Read more>
Freight carrier AeroLogic, a DHL Express / Lufthansa Cargo joint venture (50/50 percent), grows its transport capacity by adding two Boeing 777 freighters to its fleet of currently eight Triple Seven all-cargo aircraft. Both newcomers belong to lessor GECAS and flew formerly under the LATAM Cargo flag.
IN BRIEF, THE LATEST CARGO AIRLINE INDUSTRY NEWS. Read more>
During the past couple of years there have been various reports, articles and views on the future of drones as carriers of “air cargo.” Many were, or still are skeptical of whether this can be seen as a future means of carrying and delivering shipments from door-to-door. Read more>
Most of the larger older generation freighters which have seen their days end up on the desert scrap heaps around the world. A few are luckier and get a new lease on life. Read more>
International air and ocean freight logistics provider Qualified Cargo Solutions (QCS) has opened an office in Chicago, Illinois. Next to Shanghai it is the second station of the Frankfurt-based specialist for time critical transports outside its European core market. Read more>
Who would have thought earlier this year that the first six months of 2017 would deliver the best results in Lufthansa’s company history. A turnaround for both cargo and passenger revenues and bottom line figures, this is what the German national carrier presented last week to investors and customers alike. Read more>
Air Astana and national rail operator Kazakhstan Temir Zholy (KTZ) are joining forces to create a freight carrier before the end of this year.
The intent was made public by Alik Aidarbayev, Kazakhstan’s Minister for Investment and Development, at a press conference held in Astana. Read more>
STO Express, one of China’s largest delivery companies, said it will increase its investment in Chinese domestic courier Fast Express by 133 million yuan (US$19.8 million), the South China Morning Post (SCMP) reported, quoting an STO filing with the Shenzhen Stock Exchange. Read more>
