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
airways cargo
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
FedEx not ruling out A380 freighter
FedEx has not ruled out completely its interest in an A380 freighter even though it canceled its $2.3 billion order for 10 last November, Air Transport World reported. The magazine quoted FedEx chairman, president and CEO, Fred Smith as saying that the Memphisbased integrator would “look again” at the super freighter. “It’s a great airplane - a marvelous piece of engineering.” But Smith noted that the delays besetting the programme had rendered a freighter version … [Read more...] about FedEx not ruling out A380 freighter
Cologne expects major traffic changes
Cologne airport (CGN) said it will strengthen its general cargo business by convincing additional cargo carriers to serve the Rhine airport. “Presently, about 90 percent of our total tonnage consists of express shipments which are being flown mostly at night times,” said CGN’s general manager Michael Garvens. “However, for a better utilisation of our infrastructure we are keen to attract additional cargo airlines to fly here,” he added. The first encouraging … [Read more...] about Cologne expects major traffic changes
RJA opens upgraded cargo terminal
President, CEO and vice chairman of Royal Jordanian Airlines (RJA), Samer Majali last month inaugurated the first phase of a multi-million dinar investment programme to upgrade the Royal Jordanian Cargo Terminal at Queen Alia International Airport. The first phase included several automated work stations to ease cargo handling, and state-of-the-art forklifts able to move fully laden aircraft pallets with ease. New shelves and pallet storage facilities will be introduced before the end of … [Read more...] about RJA opens upgraded cargo terminal