Atlas Air and Korean MRO services provider Sharp Technics K have signed a memorandum of agreement to form a joint venture and develop a dedicated MRO facility at Incheon airport for widebody cargo aircraft. The move comes amidst rapid growth in air cargo and e-commerce on a global scale, which has created a demand for converting planes for cargo. The planned custom freighter aircraft maintenance facility at ICN will be able to accommodate multiple wide-body jets at the same time and will be … [Read more...] about Atlas Air forms JV to open freighter MRO facility in Korea
Atlas Air
Cainiao bolsters air network from China to Americas
Cainiao Network has reached a special prorate agreement (SPA) with Atlas Air and LATAM Airlines as the company aims to address the limited cargo space between China and the Americas to deliver e-commerce parcels. The agreement will allow connection flights linking Hong Kong to Bogota, Colombia and Lima, Peru via Santiago, Chile or Sao Paulo, Brazil, where Atlas Air currently operates charter flights for Cainiao. The agreement is Cainiao’s first SPA on the Latin America route and carries … [Read more...] about Cainiao bolsters air network from China to Americas
Payload Asia’s industry roundup for January
In this roundup, we clear what's left from the inbox and list down global industry updates in air cargo, express, forwarding and logistics as we take a much broader look at what else transpired for the month of January. UPS to sell freight division to TFI International UPS has agreed to sell UPS Freight to Canadian transport and logistics company TFI International for $800 million, which will include its LTL and dedicated truckload business. UPS and TFI International will also enter into an … [Read more...] about Payload Asia’s industry roundup for January
DHL Express opens €85 million South Asia Hub in Singapore
Aiming to accommodate the rapid growth of regional volumes fueled in part by e-commerce which DHL Express CEO Ken Allen said could be the “next game changer” that could help to restore global economic growth rates, the world's largest international express services provider launched its new €85 million DHL South Asia Hub in Singapore on Tuesday. The expanded capacity will be needed Allen said, to handle the “tremendous growth” in the southern Asia Pacific region. Much of this growth is … [Read more...] about DHL Express opens €85 million South Asia Hub in Singapore
Atlas Air to provide peak season lift to FedEx
Atlas Air Worldwide Holdings, Inc. announced that it has entered into a five-year agreement with FedEx Express to provide it with five B747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021. Peak season flying generally occurs in the month of December and potentially earlier. An agreement to provide five aircraft for the 2016 peak season flying is already in place. “We have worked closely and successfully with FedEx for many years, but this is our first … [Read more...] about Atlas Air to provide peak season lift to FedEx
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
