The specialist heavy lift and outsize air cargo market has been given a major capacity boost courtesy of all people – the Russian military! According to reports, the 224th Air Detachment of Military Transport Aviation detachment of the Russian Airforce has begun operating two Antonov 124 freighters on a commercial charter basis. At first we thought this would probably be met with laughter by the other An-124 operators like Volga-Dnepr, Polet and Maximus, but then we got to thinking … [Read more...] about Just when you thou ght it was safe to get back into the cargo market
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MRO Supplement in October issue
In line with Payload Asia’s addition of coverage on the important maintenance, repair and overhaul (MRO) market, the next edition of the magazine will feature a supplement covering developments in this sector. With a steady annual growth of nearly four per cent the global MRO market is expected to exceed US$65 billion within the next decade. Traditional North American and European markets are expected to see a decreasing market share as more MRO hubs are established in Asia, the … [Read more...] about MRO Supplement in October issue
Lufthansa Cargo rides an Asian tailwind
As the recovery from the global economic crisis of 2009 continues to grow and find firmer footing, it has now become commonplace for air cargo carriers – and indeed the whole industry – to report unprecedented growth figures. The problem is these double digit growth figures have a fairy tale aura about them for the simple reason they compare today’s figures with the depths of the industry lows last year. While they do speak of a welcome recovery and growth, what … [Read more...] about Lufthansa Cargo rides an Asian tailwind
Toll on a roll as it snaps up M&A opportunities
Toll’s growth from a home-grown domestic Australian transport company to a global logistics player has been nothing less than awe inspiring. Founded in Australia in 1888 by Albert F. Toll as a coal haulage business, using horse and cart transport, the company’s present day form took shape following a management buyout by Paul Little and Peter Rowsthorn in 1986 followed by a listing on the Australian Stock Exchange (ASX) in 1993. From this point onwards a series of mergers … [Read more...] about Toll on a roll as it snaps up M&A opportunities
Air freight rates out of Asia down 10% in June
Average air freight prices out of Asia fell 10.3 per cent in June from the month before as airlines brought capacity back into the market, according to the latest Drewry Air Freight Rate Index, by London-based Drewry Shipping Consultants. The June rate assessment for cargo out of Shanghai was still 54.7 per cent higher than the same month a year ago, but this was virtually the lowest point for air cargo rates last year. The month-to-month decline left the index at its lowest point since March … [Read more...] about Air freight rates out of Asia down 10% in June
Cargoitalia continues its cargo roll
Cargoitalia has reported a continuing improvement in performance for the first six months of operations in 2010, building on the strong start made in its first four months of operations, it said. From January-June 2010, the airline operated scheduled services on three routes: Milan (Malpensa) – New York (JFK), Milan - Chicago, and Milan - Dubai - Hong Kong, during which Cargoitalia flew a total of 173 rotations including charter flights. Average monthly utilisation was up 60 per cent … [Read more...] about Cargoitalia continues its cargo roll
