Barely eight months into his retirement, former global head of cargo for the International Air Transport Association (IATA), Des Vertannes has re-joined the air cargo industry, taking up a role as strategic advisor for IT firm, SmartKargo. Announcing Vertannes’ new role in the company, Jay Shelat, SmartKargo executive VP, Sales and Marketing said: "We are fortunate to have Des on board. “Des’ more than four decades of air cargo experience, … [Read more...] about SmartKargo pulls a coup, brings Vertannes onboard
Ground Handling & Cargo Terminals
AAR to sell cargo group to Transdigm
AAR announced it would sell cargo handling business, Telair Cargo Group, to TransDigm for a purchase price of US$725 million in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair US, and Nordisk Aviation Products. AAR further announced its intention to sell its unprofitable Precision Systems Manufacturing business and will report it as a discontinued operation and record an impairment charge of approximately US$40 million in the third quarter of … [Read more...] about AAR to sell cargo group to Transdigm
DIAL to exit cargo service operations at Delhi Airport
Delhi International Airport (DIAL), a subsidiary of GMR Infrastructure (GMR), has signed a definitive agreement to sell its 26 per cent stake in Delhi Cargo Service Centre to IDFC Alternatives. Delhi Cargo Service Centre is a 74:26 joint venture between Cargo Service Center India Pvt Ltd and DIAL. Cargo Service Center, which is owned by former promoters of Blue Dart, has management and operational control of the JV. … [Read more...] about DIAL to exit cargo service operations at Delhi Airport
Sanad extends contract with Etihad by US$100M
Sanad Aero Solutions GmbH, a wholly-owned subsidiary of Mubadala Development Company, has increased its leasing portfolio of spare engines and components with Etihad Airways through the addition of new assets valued at US$100 million, including spare GEnx and GP7200 engines and spare landing gear and nacelles, to support the airline’s growing fleet of B777, B787, A320 and A380 aircraft. With the additional assets, the overall value of Sanad’s leasing relationship with Etihad … [Read more...] about Sanad extends contract with Etihad by US$100M
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
DoKaSch delivers 650 ULDs to EAT
ULD specialist DoKaSch Air Cargo Equipment + Repair has delivered nearly 650 LD3 air cargo containers to European Air Transport Leipzig GmbH, the freighter airline of Deutsche Post DHL. “We are proud to be chosen as one of the preferred suppliers of DHL´s growing air cargo related freight forwarding business“, said Marcus Franke, DoKaSch´s general manager and head of sales. The ULD specialist belongs to the DoKaSch Group, a Montabaur, Germany-headquartered … [Read more...] about DoKaSch delivers 650 ULDs to EAT