Atlas Air has entered into contract extensions with DHL Express to continue operating 20 freighter aircraft in support of their fast-growing express and e-commerce markets. These agreements build on the long-standing strategic partnership between Atlas Air Worldwide and DHL, which began in 2008 and included DHL acquiring 49% of AAWW’s subsidiary, Polar Air Cargo, as well as a long-term agreement for six dedicated 747-400Fs to operate on key trans-Pacific routes. The partnership has grown … [Read more...] about Atlas Air, DHL Express lock in contract extensions
express operators
DHL Express adds intra-Asia capacity with new B737-800F
DHL Express is adding more airfreight capacity within Asia with a newly converted B737-800 freighter, which will be operated by Thai airline partner K-Mile Asia. The move comes as the express operator expects orders and sales to rise significantly during the upcoming peak season and amidst ‘increased activity in cross-border trade and e-commerce within the region due to improved logistics, enhanced connectedness as well as reduced trade barriers.’ The new aircraft will offer weekly payload … [Read more...] about DHL Express adds intra-Asia capacity with new B737-800F
Toll Group to sell express unit for US$386 million
Melbourne-based logistics provider Toll Group announced it has agreed to sell its express business to Australian private equity firm Allegro Funds for A$500 million (US$386 million), according to a press release. The Japan Post subsidiary said the move is consistent with its strategy to focus on its logistics strengths in Asia Pacific, particularly in contract logistics and freight forwarding. Also read: ESR Australia to buy logistics assets portfolio for US$3b “We have spent the last … [Read more...] about Toll Group to sell express unit for US$386 million
8th PLA Awards now open for nominations
Regional air cargo and logistics publication Payload Asia is pleased to announced that nominations are now open for the 8th edition of the Payload Asia Awards. In its eighth edition, the PLA Awards promises a much bolder awards ceremony to celebrate the remarkable achievements of industry leaders and forward thinkers in the air cargo and logistics supply chain. This year we’re bringing back categories from the earlier editions of the awards as we give recognition to the companies that … [Read more...] about 8th PLA Awards now open for nominations
Amazon takes stake in aircraft lessor ATSG for US$131m
Amazon has snapped up a 20 percent stake in cargo airline operator and lessor Air Transport Services Group (ATSG), which operates part of the company’s air fleet. The deal, valued at around $131 million, saw the e-commerce giant exercise warrants in ATSG, which will allow it to purchase around 13.5 million shares in the cargo airline at $9.73 per share, or more than $131.9 million, according to ATSG’s SEC filing on 8 March. Amazon also purchased around 865,000 shares of ATSG on a cashless … [Read more...] about Amazon takes stake in aircraft lessor ATSG for US$131m
