IAG Cargo, the cargo division of International Airlines Group (IAG) has released its financial results for the first half of 2023, reporting revenues of €603 million, or around US$660 million. This represents an 8.5 percent jump compared to the same period before the pandemic in 2019 but a 28.5 percent dive year-on-year. Yields for the first half were down from the same period last year, tonnage was up 6.5 percent and 15.3 percent lower in comparison to H1 2019. IAG … [Read more...] about IAG Cargo’s tonnage up in H1 as rates slide
Carriers
China Airlines touches down in Prague
China Airlines is expanding its network to Europe as the carrier deployed its A350 aircraft on a new route connecting Taiwan to the Czech Republic. The inaugural flight CI067 from Taipei to Prague route saw China Airlines President Kao Shing-Hwang arrive in Prague on 19 July after a non-stop service that lasted 13.5 hours. Prague Airport celebrated the arrival with the traditional water salute ceremony, which also marked the inauguration of the CI068 service on the return trip to … [Read more...] about China Airlines touches down in Prague
Singapore, Japan to collaborate on green air lanes
A recent dialogue saw a mutual agreement between Singapore and Japan’s aviation authorities to work together towards initiating greener air lanes between the two countries. At the 2nd Singapore-Japan Dialogue on Aviation Collaboration, the Civil Aviation Authority of Singapore (CAAS) and the Japan Civil Aviation Bureau (JCAB) shared the same view that the concept of an ‘aviation green lane’ should encompass airline operations, airport processes and air traffic management (ATM). The two are … [Read more...] about Singapore, Japan to collaborate on green air lanes
AEI enlists Grand China Aviation Maintenance
Despite muted cargo volumes over the last year, Aeronautical Engineers, Inc. (AEI) is betting on the Chinese market as it authorized Hainan-based Grand China Aviation Maintenance (GCAM) as its sixth conversion center. GCAM is a subsidiary of HNA Aviation Technic, which conducts MRO services for Hainan Airlines. It provides overhaul services for aircraft and all-round one-stop service. Included in the arrangement is the conversion of at least three B737-800SFs at the facility for launch … [Read more...] about AEI enlists Grand China Aviation Maintenance
Envirotainer to grow pharma portfolio with va-Q-tec
The air cargo container market is in for a shake-up with the combination of leading suppliers Envirotainer and va-Q-tec. Envirotainer’s parent company EQT Private Equity received approval from the competition authorities in Germany and Austria in June for its majority takeover offer of va-Q-tec, supported by co-investors Mubadala and Cinven. This authorization gives the clearance to combine the two brands, with Envirotainer for the active part and va-Q-tec for the advanced passive … [Read more...] about Envirotainer to grow pharma portfolio with va-Q-tec
Cebu Pacific upgrades aircraft fleet this year
Philippine carrier Cebu Pacific has increased its aircraft deliveries for 2023 to a record high of 21 to further improve its operational resiliency amidst growing demand for air travel. The airline originally had plans to add 15 aircraft to its fleet, and now expects six more to be added to its fleet. It welcomed its ninth aircraft this year on 27 July, a brand-new Airbus A321neo, which was delivered from the Airbus centre in Hamburg, Germany using blended sustainable aviation fuel … [Read more...] about Cebu Pacific upgrades aircraft fleet this year
