After 16 years of litigation at the World Trade Organisation (WTO), Airbus has agreed with the governments of France and Spain to make amendments to the A350 Repayable Launch Investment (RLI) contracts, making the final stop of a long-standing dispute and removes any justification for US tariffs, a press release stated The release said Airbus made the decision to amend the French and Spanish contracts according to parameters that the WTO considers “appropriate interest rate and risk … [Read more...] about Airbus agrees to amend contracts to ease global trade woes
Amazon Air kicks off operations at Florida’s LAL airport
Amazon Air landed for the first time at Lakeland International Airport in Florida on 23 July, ABC Action News reported. Aside from undergoing runway renovations, including upgrading an instrument landing system to guide aircraft operations in bad weather, the airport added five fuel tanks and improved runway 9-27. Amazon has built an air cargo facility on a land lease with the airport. A 223,000-sqft building along with two additional facilities estimated at 60,000 square feet will make up … [Read more...] about Amazon Air kicks off operations at Florida’s LAL airport
Ethiopian Airlines cargo plane up in flames at Shanghai’s Pudong Airport
Ethiopian Airlines’ Boeing 777 freighter aircraft caught fire while loading cargo at Shanghai Pudong International Airport on 23 July, said the airline in a social media post. Fire was contained and none of the crew or ground staff were harmed, the post stated. Images and videos on social media showed clouds of smoke coming from the aircraft registered ET-ARH, with a large section of the upper fuselage on fire. News outlets say that the blaze may have originated on the main cargo deck … [Read more...] about Ethiopian Airlines cargo plane up in flames at Shanghai’s Pudong Airport
DHL Express bolsters fleet with converted Boeing 767-300 freighters
DHL Express will add four converted 767-300 Boeing freighters as part of the logistics company’s efforts to modernise and grow its fleet, a press release stated. The aircraft are converted from passenger to freighter configuration by Boeing to fit the needs of DHL Express and meet the rising global demand for express services. “We are excited to introduce additional B767 freighters to the DHL Express air network,” explains Geoff Kehr, SVP for global air fleet management at DHL Express, … [Read more...] about DHL Express bolsters fleet with converted Boeing 767-300 freighters
Kuehne+Nagel gets lift from air freight, restores dividend plans
Swiss freight forwarder Kuehne+Nagel International reported a smaller-than-expected fall in second-quarter profit, reports Reuters, buoyed by increased air freight operation which saw double-digit growth. The company said it would restore its dividend plans. Despite earnings before interest and tax (EBIT) sliding 12.6% to CHF 235 million ($250 million), air freight operations inched up 17%, the report stated. Comments from Zuercher Kantonalbank analysts claim the result exceeded even the … [Read more...] about Kuehne+Nagel gets lift from air freight, restores dividend plans
PayCargo, Unisys facilitate online payments for air cargo
Cargo payments platform PayCargo has not stopped collaborating with industry partners to expedite the same-day release of inbound cargo, stated a press release, with the most recent move seeing the integration between PayCargo’s online payment solution and Unisys’ cargo management system. With this, Unisys partner carriers can use a single platform to access modern payment services, with automated data flows. All payments made via PayCargo can be viewed on the AWB Charges function within the … [Read more...] about PayCargo, Unisys facilitate online payments for air cargo
