Recently it was Cargolux, who reported a further delay on the launch of Henan Cargo Airlines in China (we reported) - now U.S.-based Air Transport Services Group (ATSG) who had plans to join forces with Chinese carriers, has announced that they have put the brakes on future cooperation and are looking at other possibilities. Read more>
Turkish cargo carrier MNG Airlines is about to diversify its network. Whereas up to now all flights are operated to and from the company’s central hub Istanbul Ataturk and nearby Sabiha Gokcen (SAW), located on the Asian side of the Bosporus, soon one of the company’s A300-600 freighters will take off from Bursa, an industrial hot spot located 170 kilometers southeast of Istanbul. Read more>
Currently, Istanbul-based MNG Airlines operates seven Airbus A300-600F and one Airbus 330-200F. By 2020, two additional A330Fs will be added to the fleet, the carrier confirmed to CargoForwarder Global. This not only ups the airline’s capacity and widens the reach considerably but opens the door for new market opportunities as well. Read more>
The lira has lost more than 20 percent of its value against the USD and the euro since 1 January, 2018. And the free fall of the currency continues. Meanwhile, consumers feel the effect of the currency decline since prices for imported goods haven risen sharply. In contrast, air freight still shows no signs of contraction. Read more>
IN BRIEF, THE LATEST CARGO AIRLINE INDUSTRY NEWS. Read more>
Old timers call them aircraft boneyards, when referring to the massive areas allocated in U.S. deserts for the storage of aircraft which are no longer serviceable or which have been temporarily placed there by carriers who may still want to bring them back to life at a later stage. During the past decade many older Boeing and Douglas freighters which are still serviceable were put there. Many are now back in service due to high demand - but for how long? Read more>
Following the announcement that it is considering starting a new dedicated cargo unit to tap into the growing market for domestically manufactured electronics and consumer goods (CargoForwarder, May 7, 2018), Vietnam Airlines has now revealed that it plans to build a logistics centre in the Mekong Delta city of Can Tho this year. Read more>
Although a distant third among Japan's package delivery companies, Japan Post is closing the gap with the country's leading parcel shippers thanks to a surge of cost-conscious customers, the Nikkei Asian Review reported. Read more>
Airport ground handling companies have always been a source of speculation as far as present and possible new ownership is concerned. The consolidation process among ground handlers has been in effect for some years, whereby quite a number of smaller companies have disappeared and others have joined forces. Worldwide Flight Services (WFS), the Paris-based passenger, ground, aircraft and cargo handler changed hands in 2016 and it seems that the process is repeating itself very soon.
India's Home Ministry has reportedly formed a special committee which has been tasked to find ways to improve security at airport cargo terminals in the country against terror threats, the Economic Times reported. Read more>
The founder steps down and his sons take over. Johannes Riege has laid the future of his company in the hands of his sons Tobias, Christian and Benjamin. From now on, the brothers are responsible for running the business of the 1985 established company that since then has developed into a leading global provider of user-friendly software solutions for the cargo industry. And the expansion course of the family-owned firm continues unabated. Read more>
Just one day after Singapore Airlines reported a net profit of S$181.8 million (US$135.2m) for the fourth quarter ended March 31, reversing from a loss of S$138.3 million a year ago, the carrier made this surprising announcement: starting in 2020, it will spend more than S$100 million (€63 million) on cabin upgrades for its regional wing SilkAir and eventually merge it with the parent airline. Read more>
