Brussels Airport plans to invest ‘no less than’ 70 million euros over the next three years to redevelop a 83,500-sqm cargo zone in the central premises, with a focus on modernization, innovation and sustainability. The move comes as the airport sees growing demand for storage and handling space and with it the need to modernize several buildings. The airport group said eight obsolete buildings will be demolished to set the stage for three modern and sustainable buildings at the central area, … [Read more...] about Brussels Airport allots €70 million to modernize cargo area
Air & Cargo Services
Cathay and Lufthansa adds Swiss to joint cargo deal
Cathay Pacific and Lufthansa Cargo are looking to offer more flexibility and savings for shipments between Hong Kong and Europe as they welcomed Swiss WorldCargo into the airlines’ joint business agreement. The entry of Swiss WorldCargo builds on a deal signed in 2016 between the two airlines on sales, pricing, contracts, and the handling of shipments between Hong Kong and Europe. Under the new agreement, Cathay Pacific, Lufthansa Cargo, and Swiss WorldCargo will work closely together on … [Read more...] about Cathay and Lufthansa adds Swiss to joint cargo deal
Atlas Air to operate new 747-8 freighter for Cainiao
Aircraft lessor and ACMI operator Atlas Air has taken delivery of a new Boeing 747-8 freighter, which it will operate on behalf of Alibaba logistics arm Cainiao Network under a long-term agreement. The new widebody freighter, the first of four 747-8Fs that are scheduled to be delivered this year, is expected to increase capacity on routes between China and the Americas, expanding Cainiao's services into the US, Brazil and Chile. Atlas reiterated that the investment in these new aircraft … [Read more...] about Atlas Air to operate new 747-8 freighter for Cainiao
Freightos eyes Nasdaq listing with ‘special’ merger
Freight booking and payment platform Freightos Ltd is looking to go public on Nasdaq after the company entered into a definitive merger agreement with special purpose acquisition company (SPAC) Gesher I Acquisition Corp. The capital raised from the transaction will be invested to further scale the business, driving transaction value and improving margins. The implied pro forma enterprise value of the merger is estimated at approximately $435 million, leaving 78 percent stake to existing … [Read more...] about Freightos eyes Nasdaq listing with ‘special’ merger
Mexican cargo airline starts scheduled flights to China
Mexico-based cargo airline mas, formerly known as MasAir, has added scheduled flights to China for the first time as it looks to expand its network into Asia. The new service will be operated by mas for Chinese forwarder Universal Translink Aviation Transportation Service ( UTA) and will connect Mexico City International Airport (MEX) and Zhengzhou Xinzheng International Airport (CGO) twice a week. The airline said it will increase the schedule to CGO three times each week in July, with … [Read more...] about Mexican cargo airline starts scheduled flights to China
IAG Cargo restarts cargo-only services to BKK and HKG
IAG Cargo is predicting a busy summer schedule and has restarted cargo-only services to Hong Kong and Bangkok using B787-9 aircraft. Daily flights from London Heathrow (LHR) to Hong Kong (HKG) have already started on 1 June, whilst flights between LHR and BKK from 24 May are being operated four times each week. IAG Cargo anticipates that e-commerce will continue to be a major growth sector for the business this year, after it saw 32 percent growth for its priority service, which has become … [Read more...] about IAG Cargo restarts cargo-only services to BKK and HKG
