Lufthansa Cargo has taken delivery of its fifth and final Boeing 777F freighter aircraft. D-ALFE landed in Frankfurt for the first time on 12 February on its delivery flight from Everett near Seattle. As part of its strategic programme “Lufthansa Cargo 2020”, the freight airline has ordered a total of five new Triple Seven aircraft. In November 2013 the first machine entered regular service. In addition, Lufthansa Cargo has options for five further Boeing 777Fs with delivery to … [Read more...] about Lufthansa takes delivery of fifth Triple Seven
Carriers
Korean Air widens 4Q losses
The Korean flag carrier posted a KRW272 billion (US$247.5 million) net loss for the fourth quarter of 2014 and a KRW458 deficit for the full year, widened from a KRW57 billion loss recorded in the year-ago period. The net loss for 2014 is reported to be the result of a stronger US dollar which inflated the value of Korean Air’s foreign debts although its operating profit rose, helped by a recovery in the global air cargo industry, falling oil prices and cost-cutting. Korean Air … [Read more...] about Korean Air widens 4Q losses
Two management appointments for Virgin Cargo
Virgin Atlantic Cargo has announced two new senior management appointments to focus on its increasing transatlantic services and the development of its international network covering Asia, Australasia, the Middle East and Africa. Steve Hughes will transition from his role of regional vice president sales for Europe, Middle East and Africa (EMEA) to the newly-created post of vice president sales Transatlantic. In his new role, Hughes will be responsible for the airline’s sales in the … [Read more...] about Two management appointments for Virgin Cargo
DHL invests in new hub at Brussels Airport
DHL will invest EUR 114 million (approx. US$129 million) in the construction of a new hub at Brussels Airport. The new hub is expected to triple capacity from 12,000 to 39,500 shipments per hour. The original Brussels facility was set up in 1985 as a regional hub. In the last five years, Brussels has enjoyed solid double-digit volume growth. Due to this continuous growth and its central location in Europe, the Brussels Hub is increasingly being used as an international and transit hub, … [Read more...] about DHL invests in new hub at Brussels Airport
IAG Cargo joins all-in pricing bandwagon
IAG Cargo is joining other carriers such as Emirates SkyCargo, Qatar Airways and SAS Cargo in rolling up fuel surcharges into an all-in rate. IAG will drop its fuel surcharges (FSC), effective with the start of the Summer season. This will apply to all markets except Hong Kong, South Korea and Japan, where local regulations on surcharges apply. These countries are Hong Kong, South Korea and Japan. A spokesman for the cargo arm of British Airways and Iberia said that it will also remove the … [Read more...] about IAG Cargo joins all-in pricing bandwagon
Korean Air orders five 777 freighters
Boeing and Korean Air finalised an order for five 777 freighters. The order, valued at more than US$1.5 billion at current list prices. Korea’s flag carrier currently operates an all-Boeing freighter fleet of 26 airplanes that includes 17 747-400 freighters, five 747-8 freighters and four 777 freighters. “We truly value our enduring partnership with Korean Air and we are pleased that they have selected the 777 freighter to bolster their all-Boeing freighter fleet,” said … [Read more...] about Korean Air orders five 777 freighters
