London-based Air Charter Service has recorded its busiest quarter for its cargo division with 1,445 cargo charters in the period from August to October. Combining all of its other divisions, ACS logged its highest ever revenue in one quarter, amounting to a total of US$430 million (£321.1 million). Dan Morgan-Evans, group cargo director at ACS, said his division had one charter departing every 90 minutes over the course of each month during this period. The group saw demand coming … [Read more...] about Air Charter Service logs record quarter revenue for cargo
Leasing & Chartering
Airbus secures CMA CGM commitment for the A350F
After the initial announcement of the first ever commitment for the Airbus A350 freighter at the Dubai airshow last week, the European manufacturer has secured another commitment from leading shipping and logistics player CMA CGM Group. The two companies have signed a memorandum of understanding (MoU) for the purchase of four A350F freighter aircraft with the order subject to finalisation in the coming weeks. The aircraft will be operated by CMA CGM AIR CARGO and will bring the company’s … [Read more...] about Airbus secures CMA CGM commitment for the A350F
Cargojet picks Mammoth Freighters for 777F conversion
The newest player to enter the freighter conversion arena for Boeing’s 777 widebody jet, Mammoth Freighters, has gotten its first order from Ontario-based Cargojet Airways, who will be the launch customer for its new 777-200LR freighter. The two have inked a sales agreement for two initial 777-200LRMF freighters with options for two more 300ERMFs and two additional 200LRMFs of the Boeing widebody type. MSN 29742, formerly from Delta Airlines and the first aircraft to be delivered to … [Read more...] about Cargojet picks Mammoth Freighters for 777F conversion
IAI to convert 10 B737-800s for World Star Aviation
IAI's Aviation Group has signed an agreement with aircraft lessor World Star Aviation to convert 10 B737-800 passenger aircraft to cargo configuration. The orders come with an option for 10 more. The narrow-body jets will be converted at IAI's partially-owned Chinese subsidiary Bedek Lingyun (Yichang) Aircraft Maintenance Engineering or Belinco in China’s central province of Hubei as well as other locations. Executive vice president and general manager of IAI Aviation Group, Shmuel Kuzi, … [Read more...] about IAI to convert 10 B737-800s for World Star Aviation
Vallair delivers its third A321 freighter
Vallair, the mature aircraft asset specialist dedicated to the support of both operators and lessors, and launch customer of the A321 freighter conversion (A321F), has delivered its third Airbus A321 freighter, bearing serial number 1017. This aircraft follows two Airbus A321Fs already delivered by Vallair that are presently in operation: MSN835 delivered in October 2020 and MSN 891 delivered in June 2021. As the first ever Airbus A321 cargo conversion aircraft to have been inducted in China, … [Read more...] about Vallair delivers its third A321 freighter
Precision Aircraft on freighter conversions and more
Amidst a surge in e-commerce shipments and lack of belly capacity, cargo operators, lessors, and investors are now looking at converting narrowbody freighters as a more long-term strategic investment. But with only a handful of players capable and authorised to make such modifications, one of the issues is where do we find the capacity to convert these orders? In an interview, Payload Asia talks to Zach Young, director of sales and marketing of Precision Aircraft as he gives us a rundown of the … [Read more...] about Precision Aircraft on freighter conversions and more