Agility announced its interest in buying a 35 per cent stake in loss-making state carrier Kuwait Airways, Arab News reported. Agility's CEO Tarek Sultan told Reuters that this investment plan is based on the company's strategy of expanding into aviation services. Previously, the Kuwaiti Parliament said it has approved a plan to privatize the flag-carrier by selling a 35 per cent stake to an investment company, but since then the plan has been delayed several times. "We don't know the … [Read more...] about Agility eyes 35% stake in Kuwait Airways
Carriers
ATSG reports strong 3Q results
Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended 30 September 2014. Pre-tax earnings from continuing operations increased 25 per cent to US$15.6 million driven by a US$7.0 million improvement in airline profitability compared with a year ago. Nett earnings from continuing operations increased 23 per cent to US$9.6 million, from US$7.8 million in the third … [Read more...] about ATSG reports strong 3Q results
Etihad Cargo adds third B747 from Atlas Air
Etihad Cargo has expanded its fleet of freighter aircraft with the placement of a third B747 freighter from Atlas Air Worldwide as part of a multi-year Aircraft, Crew, Maintenance and Insurance (ACMI) agreement. The 747-400 freighter is the third aircraft to be operated by Atlas Air on behalf of Etihad Cargo, and complements existing lease agreements previously signed by Etihad Cargo for B747 freighter aircraft in May 2012 and May 2013. Scheduled to come into service this month, the … [Read more...] about Etihad Cargo adds third B747 from Atlas Air
Ethiopian Air receives third B777-200LR freighter
Ethiopian Airlines received its third B777-200 LR Freighter on 3 November 2014. In line with its Vision 2025 strategic roadmap and its commitment to support the country’s export of perishables, Ethiopian is fast expanding its cargo fleet and infrastructure. The airline will phase in an additional B777-200 LR freighter before the end of 2014 and two more in 2015. It is also building a new cargo terminal with both cold and dry storage facilities, capable of handling 1.2 million tonnes of … [Read more...] about Ethiopian Air receives third B777-200LR freighter
HAE wins 2Excel freighter contract
HAE has been appointed to represent 2Excel Aviation as it commences commercial freighter operations with a B727-2S2F fleet. “Having Boeing 727F aircraft based at Robin Hood Airport, Doncaster, offers the industry an opportunity to have reliable and cost effective charter and network solutions that can be deployed worldwide. In addition, the 2Excel team are specialists in hard to operate locations and handling challenging projects,” said Neville Karai, director at HAE Group. … [Read more...] about HAE wins 2Excel freighter contract
Van der Weide joins Cargolux
Cargolux Airlines International has announced the appointment of Niek van der Weide as its new executive vice president for sales & marketing. Van der Weide, who fills the vacant position of Robert van de Weg, is also a member of Cargolux’s executive committee. Niek van der Weide brings over 30 years of valuable experience in the aviation industry to his new role at Cargolux. Since 1972, he has worked for Martinair Holland, Lan Chile Cargo, European Cargo Services. His most recent … [Read more...] about Van der Weide joins Cargolux