Press release An airline requires aircrafts and engines in order to fly. And, from time to time, those aircrafts may require replacement spares. This is where Challenge Aviation comes in Founded in Malta in 2016, Challenge Group’s leasing arm, which the group describes as its ‘engine,’ specialises in the acquisition and leasing of widebody aircraft and engines, and in trading spare parts. It owns eight wide-body aircraft and five spare engines which it leases out to the Group’s three … [Read more...] about Meet Challenge Group’s leasing arm
IAI
EVA Air greenlights plans to convert 777-300s to freighters
EVA Airways (EVA Air) has announced plans to convert three Boeing 777-300ER passenger jets into freighters after reporting net income of TW$6.6 billion or US$232 million for 2021, on the back of strong cargo demand. The Taiwanese carrier’s strong performance, which reversed losses amounting to TW$3.36 billion (US$120 million) in 2021, was largely attributed to a 70.3 percent increase in cargo revenue at TW$85.2 billion or around US$3.01 billion, according to EVA Air's financial report issued … [Read more...] about EVA Air greenlights plans to convert 777-300s to freighters
Emirates invests US$1 billion to boost cargo operations
Emirates announced that it will invest AED3.6 billion (US$ 1 billion) to provide more air cargo capacity. It revealed the order for two new Boeing 777 freighters and conversion orders for four of the airline’s Boeing 777-300ER passenger aircraft. The new orders are expected to arrive next year, whilst the widebody freighter conversions will take some time between 2023 and 2024, the carrier noted. Emirates SkyCargo, who was the launch customer of the widebody freighter in 2009, has signed a … [Read more...] about Emirates invests US$1 billion to boost cargo operations
PLA Global Wrap: Week 33
For this week’s instalment of the global wrap, we have a handful of announcements from week 33, including the planned freighter conversion site in Addis Ababa by IAI and Ethiopian Airlines and the completed purchase of Agility’s unit by DSV Panalpina. There’s also the latest updates from DHL Global Forwarding, BBAM’s new orders for narrowbody freighter conversions, and Qatar Airways’ global rollout with WebCargo. DSV Panalpina completes purchase of Agility’s GIL unit Danish forwarder DSV … [Read more...] about PLA Global Wrap: Week 33