Starting a cargo airline is a risky business. Many carriers launch into the market with bold plans and a second hand freighter, only to quietly disappeara few months later. For Cargoitalia to be coming to the end of its first year and to have some 14 destinations worldwide up and running is therefore already a notable achievement. And if, as its CEO and managing director Massimo Panagia claims, it also manages to break even by the end of the period, he will with justice be ableto claim that … [Read more...] about Cargoitalia spreads its wings
Air Shipping Asia
CargoWise edi sells software to IJS
CargoWise edi, a provider of global forwarding and brokerage software, said that IJS Global Inc., the rapidly growing air and ocean freight forwarder, customs broker and non-vessel operating common carrier, will install CargoWise edi’s ediEnterprise software solution across it’s worldwide network. The agreement is the largest and most comprehensive in CargoWise edi’s history. Through ediEnterprise, IJS Global will, for the first time, be able to link its expanding … [Read more...] about CargoWise edi sells software to IJS
TNT, Emirates ink B747F lease pact
TNT Express and Dubai-based Emirates SkyCargo have signed an agreement under which the cargo carrier will lease a Boeing 747-400 ERF freighter from the company’s European fleet – TNT Airways. The new contract was sealed with the arrival of the first UAE dedicated TNT aircraft. “The arrival of this brand new TNTowned aircraft into Dubai is a significant milestone for us and will help strengthen our presence in the Middle East market which is one of our fastest growing … [Read more...] about TNT, Emirates ink B747F lease pact
Oak Hill Capital orders six 777Fs
Boeing and leading private equity firm, Oak Hill Capital Partners, have announced an order for six Boeing 777 Freighters. The order is valued at about $1.4 billion, at list prices. The six-airplane order brings Boeing’s total for the twinengine freighter to 71 airplanes from 10 customers since its launch in May 2005. Oak Hill will be purchasing these planes through a new aircraft leasing platform that it is establishing in connection with the purchase. The 777 Freighter is based on … [Read more...] about Oak Hill Capital orders six 777Fs
Trans-Soft, CargoWise edi sign strategic alliance
US-based provider of software products and services for the US domestic forwarding community, Trans-Soft, Inc., has announced a strategic alliance with CargoWise edi, the Sydney, Australia-based provider of forwarding and brokerage software for the international marketplace. The alliance combines CargoWise edi’s expertise in the global freight forwarding market with Trans-Soft’s strengths in the US market to deliver I.T. solutions to businesses throughout the world. Under the … [Read more...] about Trans-Soft, CargoWise edi sign strategic alliance
Air France places US$7b plane orders
Air France last month announced a US$7 billion aircraft order, split between Airbus and Boeing, Reuters reported. The deals include an order for two more A380 superjumbos, whose two-year production delays have left manufacturer Airbus facing penalties to airlines. Air France said it had also placed orders for 30 A320-family single-aisle aircraft from Airbus and 18 wide-body 777 long-haul aircraft from Boeing, including five 777 freighters. The Boeing 777 order is designed to help phase out … [Read more...] about Air France places US$7b plane orders