Volga-Dnepr Group (VDG), which includes its line-haul daughter AirBridgeCargo Airlines, and its British subsidiary CargoLogicAir (CLA) have inked a Memorandum of Understanding on Strategic Cooperation with Liege Airport for the development of a regional hub and the enhancement of freighter capacity.
The 2018 Farnborough International Airshow started with a drumbeat from a cargo viewpoint: Russian Volga-Dnepr Group and its UK subsidiary CargoLogicHolding announced today (17 July) the signing of a package agreement. It includes a letter of intent for 29 Boeing 777 freighters and a fix order for five 747-8 freighters. Total value of the package: US$11.9 billion according to current list price. Read more>
London-based international private equity firm, Cinven has acquired Envirotainer AB from majority shareholder AAC Capital in a deal that values the Stockholm-based refrigerated container company at €1 billion (US$1.17 billion). Read more>
The New Delhi-headquartered Indian national carrier has been in the news during the past months because of its financial woes and the government’s plans to sell off the carrier. These have again been put on ice by India’s government, mainly due to the lack of interest by other carriers or financial institutions. Read more>
European aircraft manufacturer Airbus is reportedly withholding deliveries of new airplanes to affiliated airlines of China's debt-laden HNA Group, following delayed payments for several
months for the aircraft.
Affected are six A330s costing €1.37 bn according to list price. Read more>
Ethiopian Airlines (ET) which a decade or two ago was almost an unknown name in the aviation world, has brought itself to the forefront of African aviation and grown into the continent’s largest and most successful airline. Passenger and air freight numbers have grown year by year and it seems that there is no end in sight. Now ET and DHL seem to set up a joint company. Read more>
IN BRIEF, THE LATEST CARGO AIRLINE INDUSTRY NEWS. Read more>
Singapore Post (SingPost) said it plans to expand its network of POPStation parcel lockers into Housing Development Board (HDB) blocks and Mass Rapid Transit.
Metro system (MRT) stations in Singapore in order to make parcel deliveries more efficient and reduce reliance on manpower, SingPost chief executive Paul Coutts told the Straits Times in an exclusive interview. Read more>
The Swiss-based logistics giant widens its footprint in South America by opening a new multi-modal hub in Santiago, Chile next August. The pharma and healthcare industry will primarily benefit from the dedicated warehouse solution, emphasizes Kuehne + Nagel. Read more>
Japanese logistics giant Yamato Holdings is expected to report an operating profit of about 5 billion yen (US$44.4 million) for the April-June period, turning around from a 10-billion-yen loss a year before, the Nikkei Asian Review reported. Read more>
Ulrich Ogiermann has become Senior Vice President for Operations of the Russian Volga-Dnepr Group and Deputy General Director for CargoLogic Management. The former Cargolux CEO and cargo chief of Qatar Airways brings a wealth of experience to his future job to implement a coherent strategy for the individual member airlines of the V-D Group. Read more>
Loss-making Gulf carrier Etihad Airways is changing its strategy profoundly. It will scale back its global network, focusing on point-to-point services over its Abu Dhabi hub instead. Also, it sends out signals for engaging in a cooperation with neighboring Gulf rival Emirates Airlines. Read more>