13 December 2022  Demand for air cargo is soft right now; rates are falling and there is no sign of a peak – but charter brokers remain upbeat. Meanwhile high-value products are seeing a strong revival post-pandemic. CharterSync noted that this was particularly true in the automotive industry, specifically for the movement of semiconductors, with both intra-EU and intra-US lanes showing renewed demand. Oil & gas is also a growing sector across more time-critical verticals. |
5 December 2022  CargoLogicAir, the U.K.-based all-cargo airline affiliated with Russia’s Volga-Dnepr Group, appears to be officially going out of business, collateral damage from the invasion of Ukraine. The airline, which flew two Boeing 747-400 freighters out of London airports, ceased operations earlier this year after the U.K. government sanctioned majority shareholder Alexey Isaykin for signing a deal with the city of Moscow for Volga-Dnepr Airlines to maintain supply chain connectivity with countries in Asia and the Middle East. |
29 November 2022  IATA’s August 2022 data for global air cargo markets demonstrated the industry’s resilience amid economic uncertainties. |
25 November 2022  European aircraft framemaker Airbus is now taking orders for the A350F, the next generation production line variant of a successful passenger twin-engine jet, and it will compete head-to-head with Boeing’s B777-8F. Both freighters have yet to come off a production line, but Airbus hopes to have its first A350F in service by 2025, an anticipated two years ahead of its US rival. |
22 November 2022  Air cargo has different needs compared to passenger flights and requires equal consideration when government is formulating new policies for the industry – without it, key trade, such as seafood and pharmaceuticals, and UK manufacturing would be significantly impacted as they are reliant on the speed of airfreight. |
15 November 2022  The 15th IATA World Cargo Symposium (WCS) taking place in London from September 27 – 29 will focus on building resilience to further strengthen air cargo’s post-pandemic prospects. |
10 November 2022 .jpg) Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy’s flag-carrier airline. The new business will led by Jannie Davel, a former managing director of cargo at Delta Air Lines Inc. who has also worked at Emirates and DHL, with the 777-200Fs to be provided by Atlas Air, which will fly them on MSC’s behalf. |
7 November 2022 .jpg) Sustainability assist comes as IATA, US government push for more production of green aviation fuel |
13 October 2022 .jpg) The cost of shipping air freight around the world is slumping, but some companies say the world’s shift to flying goods around the world will keep the market attractive for years. |
5 October 2022 .jpg) The International Air Transport Association (IATA) announced that the IATA World Cargo Symposium (WCS) will focus on building resilience to further strengthen air cargo’s post-pandemic prospects. |
