Aurora Air International, a cargo airline which until this announcement in early October during the TIACA Air Cargo Forum in Seoul had been dormant for nearly 20 years, plans to establish a new headquarters at MidAmerica St. Louis Airport. Aurora is teaming up with MidAmerica and Ningbo to supply scheduled air service using DC-10-40 freighters on the LATAM to MidAmerica and ultimately to Asia and return route. With the fi rst flights to begin in the Spring of 2015, the airline’s … [Read more...] about Cherries to China: A new trade lane blossoms
Air Cargo Asia
Good news, bad news
More good news on the air cargo statistics front. Global air freight markets exhibited a third consecutive month of signifi cant demand growth in September as collective volumes rose 5.2 per cent year-on-year, according to IATA’s air freight market analysis. In particular the modest but encouraging comeback of Asia-Pacifi c and North American air freight markets appears to be signaling an accelerating air cargo demand. Th e only downside is the 1.6 per cent year-on-year drop in … [Read more...] about Good news, bad news
Air China, Air Canada to form JV
Air Canada and Air China have concluded a memorandum of understanding setting out the main principles for a comprehensive revenue sharing joint venture providing for an enhanced partnership on routes between Canada and China. The JV will provide for enhanced cooperation between the two carriers in the areas of sales, marketing and airport operations, as well as generate additional service and pricing benefits for consumers travelling between the two countries. Subject to Air Canada and Air … [Read more...] about Air China, Air Canada to form JV
Agility eyes 35% stake in Kuwait Airways
Agility announced its interest in buying a 35 per cent stake in loss-making state carrier Kuwait Airways, Arab News reported. Agility's CEO Tarek Sultan told Reuters that this investment plan is based on the company's strategy of expanding into aviation services. Previously, the Kuwaiti Parliament said it has approved a plan to privatize the flag-carrier by selling a 35 per cent stake to an investment company, but since then the plan has been delayed several times. "We don't know the … [Read more...] about Agility eyes 35% stake in Kuwait Airways
FedEx Freight CEO William Logue to retire
FedEx Corp. announced that William J. Logue will retire as president and CEO of its FedEx Freight subsidiary on 31 December 2014. He has guided FedEx Freight since 2010 to a leading position in the US less-than-truckload (LTL) market. He cited health concerns as the reason for his decision to retire. Michael L. Ducker, a 40-year FedEx veteran, will succeed Logue as president and CEO of FedEx Freight. Ducker will move into his new role on 1 January 2015, from his current position … [Read more...] about FedEx Freight CEO William Logue to retire
ATSG reports strong 3Q results
Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended 30 September 2014. Pre-tax earnings from continuing operations increased 25 per cent to US$15.6 million driven by a US$7.0 million improvement in airline profitability compared with a year ago. Nett earnings from continuing operations increased 23 per cent to US$9.6 million, from US$7.8 million in the third … [Read more...] about ATSG reports strong 3Q results
