The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has “come off the boil”: IATA
Leasing & Chartering
Cargo growth has "come off the boil": IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has "come off the boil": IATA
Modal shift to sea is reversing says Drewry
An ongoing reversal of the much discussed modal shift from air to sea will continue despite the recovery of port operations on the US West Coast following the crippling strike last year, according to the latest report from Drewry Shipping Consultants. The damage done to supply chains ahead of the Thanksgiving and Christmas peaks last year has apparently left a lingering bad taste in the mouths of shippers in some high-value sectors. “As port operations improve on the US West … [Read more...] about Modal shift to sea is reversing says Drewry
AEI announces B737-800SF launch customer
Aeronautical Engineers, Inc. (AEI) has announced that GE Capital Aviation Services (GECAS) will be the launch customer for the AEI B737-800SF programme. GECAS plans to convert up to 20 of its Boeing 737-800NG passenger aircraft to freighters. The first aircraft is scheduled for conversion starting in 2016 and will achieve FAA supplemental type certification (STC) in 2017. AEI president Roy Sandri said: “As the pre-eminent commercial airline leasing company in the world, we are … [Read more...] about AEI announces B737-800SF launch customer
SkyLease Cargo applies for HK rights
North Carolina-based SkyLease Cargo has applied to the US Department of Transportation (DOT) for exemption authority to operate scheduled cargo (property and mail) flights between the US and Hong Kong via intermediate points and beyond to points in third countries. The carrier said it intends to operate a 2x weekly service from Miami International to Hong Kong Chek Lap Kok via Tokyo Narita and returning via Anchorage Ted Stevens. It does not intend to carry local Tokyo-Hong Kong traffic. … [Read more...] about SkyLease Cargo applies for HK rights
C-F, Ruslan deliver China’s gift to Armenia
Chapman Freeborn Airchartering and Ruslan International have completed an assignment to Armenia to deliver broadcasting equipment from Tianjin in China to Armenia’s capital city, Yerevan. The equipment was a gift from the people of China to the people of Armenia to ensure TV coverage of the country’s centenary commemorations, which remembers the estimated one and a half million civilians who lost their lives during the last days of the Ottoman empire. Chapman Freeborn’s … [Read more...] about C-F, Ruslan deliver China’s gift to Armenia
