ACMI specialist, Atlas Air Worldwide Holdings posted 2016 second-quarter net income of US$20.6 million, down 27.5 per cent from the $28.4 million net profit the company reported a year earlier. The drop is a result of the group’s preparation for its contract with e-commerce giant, Amazon, to operate 20 freighters on its behalf. US-based Atlas Air Worldwide is parent company to Atlas Air, Southern Air Holdings and Titan Aviation Holdings, and majority owner of Polar Air Cargo. “The second quarter … [Read more...] about Atlas Air's Amazon service to take flight this quarter
Amazon
Atlas Air to operate 20 B767-300 freighters for Amazon
Atlas Air Worldwide Holdings, Inc. announced today that it has become the latest aviation partner of e-commerce retailing giant Amazon with an agreement to operate 20 freighters on behalf of the company which will take up as much as a 30 per cent share in Atlas. Under the long-term agreements announced today Atlas will, starting in the second half of this year, operate 20 B767-300 converted freighters for Amazon on a CMI (crew, maintenance and insurance) basis by the group’s airline … [Read more...] about Atlas Air to operate 20 B767-300 freighters for Amazon
Amazon makes further move into European logistics
Amazon has today announced the launch of its Pan-European Fulfilment by Amazon (FBA) programme. This new service will help sellers of any size export to millions of Amazon customers across the EU more efficiently than ever before, the e-tailing giant said in a statement. Amazon customers in turn will be able to receive thousands of new products from sellers across the EU, while benefitting from faster shipping times and lower delivery costs. The launch is further evidence of Amazon’s … [Read more...] about Amazon makes further move into European logistics
Brazil quashes UPS appeal over FedEx’s TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx’s TNT takeover
Brazil quashes UPS appeal over FedEx's TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx's TNT takeover
ATSG confirms deal with Amazon to operate 20 B767s
After weeks of speculation, Air Transport Services Group, Inc. (ATSG) announced today agreements with Amazon Fulfillment Services, Inc., an affiliate of Amazon.com, Inc., to operate an air cargo network to serve Amazon customers in the United States. The commercial agreements will include the leasing of 20 B767 freighter aircraft to Amazon Fulfillment Services, Inc. by ATSG’s Cargo Aircraft Management (CAM), the operation of the aircraft by ATSG’s airlines, ABX Air and Air Transport … [Read more...] about ATSG confirms deal with Amazon to operate 20 B767s
