PayCargo recently announced a US$35 million injection led by venture capital and private equity firm Insight Partners, based in New York. The online payments company said it will use the capital to expand its electronic payments network and explore investments in technology. As COVID-19 accelerates the adoption of online payments in the cargo market, the investment from Insight Partners comes at a time where vendors and payers are moving away from legacy, paper-based … [Read more...] about PayCargo snags US$35 million investment led by Insight Partners
Air Freight Asia
Lufthansa Cargo gets ninth Boeing 777 freighter in Frankfurt
Lufthansa Cargo welcome its ninth Boeing 777F for the first time at Frankfurt Airport (FRA) on 29 September, a press release confirmed, less than a month after the cargo carrier summoned its eighth Triple Seven freighter. With registration D-ALFI, the freighter was in flight as LH8145 for 10 hours and 10 minutes after take-off from Everett Airport (PAE) in Washington State. The new aircraft bears the name "¡Buenos días México!", which it took over from an aircraft with the … [Read more...] about Lufthansa Cargo gets ninth Boeing 777 freighter in Frankfurt
Vietjet’s cargo revenue up 21 percent, driven by domestic market
Vietjet reported a surge of 23 percent in cargo volume between April and August this year compared to the pre-pandemic first quarter. Cargo volume increased from 16,133 tonnes between January and March 2020 to 19,872 tonnes in the following five months. The airline said such growth was disproportionately driven by the domestic market. Cargo transported within Vietnam grew 54 percent over the first quarter. Meanwhile, air cargo revenue increased 21 percent in the April-August period … [Read more...] about Vietjet’s cargo revenue up 21 percent, driven by domestic market
An-124 delivers Spain’s Airbus-built satellite for space launch
Last week, SEOSAT-Ingenio was loaded at the Torrejón de Ardóz Air Base, near Madrid, on board Volga-Dnepr’s Antonov An-124 cargo plane bound for the Kourou launch site. The Spanish satellite built by Airbus shared the flight to Guyana with the French satellite Taranis from CNES. The launch, scheduled for 18 November aboard a Vega launcher, will see both SEOSAT-Ingenio and Taranis ride-sharing towards similar orbits, at an altitude around 700 km Airbus said a VESPA payload dispenser, … [Read more...] about An-124 delivers Spain’s Airbus-built satellite for space launch
Swissport rolls out own quality label for its pharma facilities
Swissport has launched its own quality label for warehouses, which meet the company’s standards for the storage and handling of temperature-sensitive pharmaceutical goods. Fourteen facilities will initially be labelled under the Swissport Pharma Center name, which will serve as operational benchmarks in Swissport’s network. The company says further facilities will be validated and may be brought under the label. By introducing its own quality label, Swissport plans to leverage its … [Read more...] about Swissport rolls out own quality label for its pharma facilities
Cargo down 19.3 percent in August, as AAPA asks states to tune border rules
Asia Pacific airlines saw international cargo demand (in FTKs) slide 19.3 percent year-on-year in August, with the Association of Asia Pacific Airlines (AAPA) citing ongoing weakness of global trade flows. Freighter operations remained active but significant cuts in passenger operations led to a 33.4 percent year-on-year drop in offered freight capacity. As a result, the average international freight load factor jumped 12.3 percentage points to 70.6 percent for the month. Cargo … [Read more...] about Cargo down 19.3 percent in August, as AAPA asks states to tune border rules
