Berlin-based cargo.one, which runs a platform and marketplace for booking air cargo, raised $18.6 million in series A funding led by Index Venture, the company said in a press release. Next47 and prior backers Creandum, Lufthansa Cargo and Point Nine Capital also joined in the round, along with angel investors from DST Global and Carlos Gonzalez-Cadenas (current COO of GoCardless and former-CPO of Skyscanner). With these fresh funds, the company plans to onboard new airlines, grow in … [Read more...] about Air cargo booking platform cargo.one bags $18.6 million in series A funding
Cargo uptick to lift Q2 earnings for South Korea’s airlines
Korean Airlines seems to be moving back to profitability as its cargo business does well and helps balance the loss of passenger traffic, JoongAng Daily’s Jin Min-ji reports. Amidst increasing freight rates and relatively lower fuel and labour costs, Korean Air Lines expects to report a net profit of KRW 149 billion (US$124 million) in the second quarter, according to Hanwha Investment & Securities. This would be a turnaround from the KRW 736.86 billion (US$616 million) net … [Read more...] about Cargo uptick to lift Q2 earnings for South Korea’s airlines
Vietjet wins award for boosting its flight network and brand name
Vietjet won the “Vietnam Brand, Global Impact” award at the recently concluded PR Newswire Awards 2020, a press release stated. The awards event recognised Vietjet for expanding its flight network and Vietnamese brand name across the globe. In 2019, thirty-four new routes were launched, increasing the flight network to 139, including 44 domestic and 95 international routes, the company shared in an earlier statement. The airline also carried more than 25 million passengers, … [Read more...] about Vietjet wins award for boosting its flight network and brand name
AAPA urges APAC states to lighten rules on international air travel
More than a month after guidance material was published on restarting international air travel by the International Civil Aviation Organisation (ICAO), the Association of Asia Pacific Airlines (AAPA) is urging governments to lighten “unduly onerous restrictions” to re-establish global connectivity with “evidence-based” measures to safeguard public health, wrote a press release. Widespread testing and contact tracing, wearing of masks and social distancing, which … [Read more...] about AAPA urges APAC states to lighten rules on international air travel
Delta Cargo joins alliance to promote air freight sustainability
US-based Delta Cargo has joined the Sustainable Air Freight Alliance (SAFA), a business-led collaborative initiative aiming to reduce its members' environmental footprint, a press release stated. The airline has committed US$1 billion over the next 10 years to mitigate all emissions from its global business. Delta says SAFA is a “collaboration between shippers, freight forwarders and airlines to track and reduce emissions from air freight and promote responsible freight transport.” It is … [Read more...] about Delta Cargo joins alliance to promote air freight sustainability
Airbus agrees to amend contracts to ease global trade woes
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
