Atlas Air Worldwide Holdings, Inc. announced today that it has become the latest aviation partner of e-commerce retailing giant Amazon with an agreement to operate 20 freighters on behalf of the company which will take up as much as a 30 per cent share in Atlas. Under the long-term agreements announced today Atlas will, starting in the second half of this year, operate 20 B767-300 converted freighters for Amazon on a CMI (crew, maintenance and insurance) basis by the group’s airline … [Read more...] about Atlas Air to operate 20 B767-300 freighters for Amazon
Leasing & Chartering
IATA pessimistic on cargo growth this year
The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago. The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight … [Read more...] about IATA pessimistic on cargo growth this year
AEI wins four B737-400SF conversions from VALLAIR
Aeronautical Engineers, Inc. (AEI) has signed a contract with European-based aviation asset management company, Vallair, to provide it with four 11 pallet position B737-400SF freighter conversions. All of the conversions will be modified by Commercial Jet’s Dothan, Alabama facility with the first one commencing in May 2016, followed by the remaining three modifications in June, July and September of this year. The AEI B737-400SF is the only passenger to freighter conversion product that … [Read more...] about AEI wins four B737-400SF conversions from VALLAIR
Frankfurt aims to be Europe´s largest CEIV certified pharma hub
Frankfurt is aiming to become the largest certified pharmaceutical gateway in Europe with a number of companies concurrently pursing the IATA CEIV Pharma certification with the support of the Air Cargo Community Frankfurt. To date two companies in Frankfurt - the Perishable Center and Bolloré Logistics Germany - have successfully completed the IATA CEIV Pharma certification. Another six companies are either already in the process or are starting the nine-month certification process. These … [Read more...] about Frankfurt aims to be Europe´s largest CEIV certified pharma hub
TIACA calls for greater coop in fight against counterfeit goods
The International Air Cargo Association (TIACA) has added its voice to the cause, condemning the growing problem of goods that infringe Intellectual Property Rights (IPR), and calling for Customs authorities to bring together rights holders, service providers, and regulators for a working dialogue in a new Position Paper published today. Goods that infringe IPR account for a growing proportion of international trade, estimated at over US$250 billion by the Organisation for Economic … [Read more...] about TIACA calls for greater coop in fight against counterfeit goods
Atlas Air Worldwide completes Southern Air acquisition
Atlas Air Worldwide Holdings, Inc. said it has completed its acquisition of privately held Southern Air Holdings, Inc., a premier provider of intercontinental and domestic CMI (crew, maintenance and insurance) services, for cash consideration of approximately US$110 million. "The strategically compelling, highly complementary combination," provides Atlas Air Worldwide immediate entry into B777 and B737 aircraft operating platforms with opportunities for additional growth and enhancing Atlas … [Read more...] about Atlas Air Worldwide completes Southern Air acquisition
