air freighter

Cargojet sells freighter business to SkyLink Express

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Cargojet Income Fund, Canada's leading domestic premium overnight air cargo network operator, announced today that it has sold its 55 per cent interest in the Cargojet Regional Partnership to SkyLink Express Inc. for a CDN$3.2 million (US$3.1 million) promissory note secured by aircraft owned by SL Express. SL Express previously held the other 45 per cent interest in the partnership, and will operate the regional business under its own trade name, Skylink Express. Specializing in time-sensitive … [Read more...] about Cargojet sells freighter business to SkyLink Express

ATA hails passage of Wall Street reform bill

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The Air Transport Association of America (ATA) has applauded the US Senate’s final passage of the Restoring American Financial Stability Act of 2010, a comprehensive financial- and commodities-reform bill aimed in part, at curbing commodities speculation that have led to volatile fuel prices. “We applaud the Senate’s action...which will close the door on Wall Street’s high-risk gambling and unchecked commodities speculation that led to sky-high fuel … [Read more...] about ATA hails passage of Wall Street reform bill

Father of Boeing 747′ wins Lifetime Achievement Award

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Legendary Boeing aeronautical engineer Joe Sutter, credited with leading the development of the iconic 747 jetliner, has been honoured with a Lifetime Achievement Award at the recent 2010 Farnborough International Airshow. Sutter joined Boeing in 1946 as an aerodynamics specialist and worked on the Boeing 377, Dash-80, 707, 727 and 737. In 1965, he took on the role of chief project engineer of the new 747 programme, which pioneered the twin-aisle widebody concept. He subsequently contributed to … [Read more...] about Father of Boeing 747′ wins Lifetime Achievement Award

Father of Boeing 747' wins Lifetime Achievement Award

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Legendary Boeing aeronautical engineer Joe Sutter, credited with leading the development of the iconic 747 jetliner, has been honoured with a Lifetime Achievement Award at the recent 2010 Farnborough International Airshow. Sutter joined Boeing in 1946 as an aerodynamics specialist and worked on the Boeing 377, Dash-80, 707, 727 and 737. In 1965, he took on the role of chief project engineer of the new 747 programme, which pioneered the twin-aisle widebody concept. He subsequently contributed to … [Read more...] about Father of Boeing 747' wins Lifetime Achievement Award

Aeroflot scolded for not buying ‘Made-in-Russia’

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Prime Minister Vladimir Putin reprimanded Aeroflot recently for not purchasing enough Russian-made planes, telling the state-run carrier's CEO, Vitaly Savelyev that growing profits and dividends were not its only concern. The airline recently announced plans to purchase a combined 44 planes from Boeing and Airbus, compared with 30 of Sukhoi's regional SuperJet, starting in 2016. This includes a recent Board of Directors approval to purchase 11 Airbus A330-300s with delivery in 2011-2013. … [Read more...] about Aeroflot scolded for not buying ‘Made-in-Russia’

Emirates marches on with $9B in new orders

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Dubai's Emirates Airline has placed an order with Boeing for an additional 30 777-300ER aircraft, worth approximately US$9.1 billion at list prices. The new order adds to the fleet of 71 777-300ERs previously ordered, of which 53 aircraft are currently in service. The 777-300ER offers an additional cargo payload of 20.1 tonnes. The order adds to an already substantial order book that is set to soon place Emirates as the largest airline in the world by fleet size. In addition to the order placed … [Read more...] about Emirates marches on with $9B in new orders