AeroBox Composite Structures LLC(ACS), which filed for bankruptcy protectionunder Chapter 11 in January,has achieved a major milestone in itsprocess to re-organise when the US FederalBankruptcy Court in Albuquerque,New Mexico approved Debtor-In-Possessionfinancing that enables theCompany to continue to trade. Posterus Corporation, an investmentcompany that provides specialist DIPfinancing, is offering up to $4 millionin fresh funding to support ACS. Thisnew credit line enables ACS to standon … [Read more...] about Aerobox finds new financing
Utilicraft Aerospace to market freighter
US-based Utilicraft Aerospace Industrieshas begun its campaign to solicitpre-production sales and leasing ordersfor the FF-1080-300ER freight feederaircraft. Initial discussions have begun withseveral unsolicited international carriersbased in the Middle East, Africaand India – all rapidly expanding aircargo markets. The FF-1080-300ER Freight Feederaircraft satisfies an industry-recognisedneed to cost effectively feed containerisedair cargo to the major hubs of thescheduled passenger … [Read more...] about Utilicraft Aerospace to market freighter
Lufthansa Cargo’s new chairman in a hurry
Carsten Spohr, Lufthansa Cargo'snew chairman, arrived at its annualresults press conference fresh from aweek-long familiarisation trip to Asia.This included discussions in Shenzhenwith Jade Cargo International,in which Lufthansa Cargo has a 25percent stake. It was Spohr's first trip to Shenzhenand clearly made an impression. "Ifyou want to see the future of China,you should go there," he advised theassembled journalists. Spohr has been refusing interviewsduring his first 100 days … [Read more...] about Lufthansa Cargo’s new chairman in a hurry
Leading air cargo players join AFA 2007
In the past few weeks, severalleading players in the cargo industryhave confirmed their presenceat the AFA 2007 exhibition. Amongthem is Dubai Logistics City, whichwill bring a 50 sqm mock-up ofone of the most sensational andfuturistic plans of this decade, the70 square kilometre airport cumlogistics project currently underconstruction in the Jebel Ali areaof Dubai. The airport - with sixparallel runways - and the logisticsfacilities aside, the DLC will alsoinclude office, hotel and … [Read more...] about Leading air cargo players join AFA 2007
Two-day conference to discuss future of air cargo industry
As an intrinsic part of the Air FreightAsia event, this year¡¯s conference willagain attract a wide range of speakersfrom various segments of the aircargo industry, who in three differentsessions, will present their ideas andvisions about the future of air cargo. The keynote address of the conferencewill be presented by the newly appointedchief executive officer ofthe Hong Kong Airport Authority,Stanley Hui. The conference, which will takeplace in a specially constructed venuein one of … [Read more...] about Two-day conference to discuss future of air cargo industry
Middle East operators sign up for Air Freight Asia 2007
The Air Freight Asia 2007 exhibition,which will be co-located with theAsian Aerospace 2007 Expo & Congressat the AsiaWorld-Expo facilities at HongKong International Airport, is headingfor a sell-out with leading global airfreight players confirming space at the13th edition of the event.Air Freight Asia 2007 organiser, Nolvan Fenema said applications for spacewere coming in at unprecedentednumbers even though the Early Birddiscounts were no longer applicable. "What we are seeing here … [Read more...] about Middle East operators sign up for Air Freight Asia 2007
