• Demand for air cargo up 8.2 percent y/y in October

    Air freight demand, measured in freight tonne kilometers (FTKs), rose 8.2 percent year-on-year in October, according to data released by The International Air Transport Association (IATA).
  • Another record breaking year for Budapest Airport as cargo volume exceeds 100,000 tonnes

    Hungarian gateway Budapest Airport expects to break annual record of cargo volume this year with more than 100,000 tonnes already handled between January and November.
  • LATAM Airlines to launch its longest non-stop flight ever between Santiago and Melbourne, Australia

    Latin America based carrier LATAM Airlines will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 5, 2017.
  • India gives a strong start to IAG’s performance in the peak season

    IAG Cargo’s e-commerce prioritise from India has given it a very good start into the peak season.
  • IAG Cargo launches new Paris to New York route through OpenSkies

    IAG Cargo has launched the start of a new Paris Orly to Newark New Jersey route, its first ever direct cargo route between France and the USA.
Showing posts with label International Air Cargo News. Show all posts
Showing posts with label International Air Cargo News. Show all posts

Tuesday, August 17, 2021

SpiceJet transfers cargo and logistics business to SpiceXpress

 SpiceJet transfers cargo and logistics business to SpiceXpress



SpiceJet announces the handing over of its cargo and logistics business to its subsidiary SpiceXpress and Logistics Pvt. Limited (SpiceXpress). The transfer includes cargo and logistics services on a slump sale basis along with all related assets and liabilities, including, know-how, trademark, licenses, franchises, customer contracts, distribution network etc, subject to the approval of shareholders and also such other approvals as may be required. SpiceXpress will operate as a separate entity upon transfer of business on or around October 1, 2021.

As per the last quarterly segment reporting by the company ended June 30, 2021, the logistics arm continued with a profitable quarter of Net Profit of INR 30 crore. The revenue increased by a 285 percent to INR 473 crore for the reported quarter as compared to INR 166 crore in the same quarter last year.

The logistics business has been valued at INR 2,555.77 crore based on an independent valuation exercise and the purchase consideration for the same shall be discharged by SpiceXpress by issuance of shares of SpiceXpress to SpiceJet, subject to all approvals as may be required. 

Ajay Singh, Chairman and managing director, SpiceJet, said “The proposed transfer of business to SpiceXpress will allow the new company to rapidly grow its innovative logistics platform and its unique fulfilment as a service business model. SpiceXpress will also be able to raise capital independent of SpiceJet to fund this growth. We are confident that the performance of SpiceXpress as an independent entity will leverage and unlock significant value for SpiceJet and all its shareholders.”


Wednesday, August 11, 2021

Gabriel Oliva joins as head and executive vice president of Avianca Cargo

 Gabriel Oliva joins as head and executive vice president of Avianca Cargo


Gabriel Oliva has been appointed as the executive vice president and head of the Avianca Holdings Cargo unit as of August 18, 2021. He will also be responsible for Deprisa, accompanied by Susana Argueta, and will have a seat on the management team of the Holding.

"I am very excited to join the Avianca Cargo team and be able to generate even more value to customers exponentially. We will be able to build and execute a long-term strategy that positions Avianca Cargo as a leader in the region, contributing to the strategic objectives of the holding company,” commented Gabriel Oliva, executive vice president and head of Avianca Cargo.

Oliva has more than 20 years of experience in executive positions in various functions and industries, specifically in the airline sector he has more than 10 years. In his most recent role, he held the position of Senior Vice President for North America, Europe and Asia-Pacific at Latam Cargo. Previously, he led the areas of Global Transformation, Alliances and Interlines, Marketing and Customer Experience, Product Development and Revenue Management for North America and Asia. 

 “We welcome Gabriel. Cargo for Avianca is undoubtedly of enormous relevance because it represents, together with other businesses other than the airline, around 20 percent of our revenues and consequently its share has grown. At this time, in which we are rethinking ourselves, we are convinced that we need a long-term strategy for Cargo because we want to be the segment leaders in the sector and we count on the arrival of Gabriel to contribute to this purpose,” said Adrian Neuhauser, president and CEO of Avianca Holdings. 


Tuesday, August 10, 2021

Volga-Dnepr interested in A350F but aircraft fuselage concerns emerge

 Volga-Dnepr interested in A350F but aircraft fuselage concerns emerge


Volga-Dnepr delegation held a meeting with Airbus’s top management about the launch programme for A350 freighter conversion, as a wide-body cargo aircraft solution, hosted on board Airbus’s A350-1000 on July 22, 2021, during the MAKS 2021 international aviation and space salon held in Russia. There are, however, concerns emerging about the widebody aircraft as Qatar Airways grounded thirteen A350s citing fuselage degradation.  

The delegation, headed by the chairman of the board of directors Aleksey Ivanovich Isaikin met Airbus executive president for the European Region Wouter Van Wesche.

The all-cargo carrier that specialises in large air freight shipments, along with its subsidiaries, never had any Airbus aircraft in its freighter fleet that includes Antonov, Ilyushin and Boeing aircraft. The group’s interest in the new A350 production freighter, along with their curiosity to be the launch customer for the MC-21-300 freighter version, could be a serious attempt to diversify fleets to offer customised solutions to customers around the world.

For example, Volga-Dnepr deployed its first Boeing 777 freighter for commercial service in December 2020 after operating the same kind of airplanes for 15 years.

Konstantin Vekshin, chief commercial officer, Volga-Dnepr Group, in an April 2021 Cargo Masterminds interview with The STAT Trade Times said they are very well prepared for additional airplanes in the near future.

When asked if they will induct more B777 freighters, he said, “We would love to but it is a learning curve for us. It seems to be a great airplane and it is a nice addition to our fleet. It is also friendlier in terms of environmental concerns. At the same time, it is a new chapter for us."

Airbus announced the approval for the production of the A350 freighter derivative in July along with the half-year 2021 results, following many feedbacks from their carrier customers and informed that it will enter into service by 2025.

The A350 technology advancements include a wing design that helps the aircraft to automatically adapt to certain flight phases, which allows for improved aerodynamics and fuel economics. The fuselage of the aircraft is made of carbon fibre, which, together with the technological design of the aircraft, can reduce fuel consumption by 25 percent, according to Volga-Dnepr. 

Qatar Airways, one of the biggest operators of A350s (53 aircraft of -900 and -1000 versions),  issued a release on August 5, 2021 citing “significant condition across its Airbus A350 fleet in which the fuselage surface below the paint is degrading at an accelerated rate.”  The airline has grounded thirteen A350 aircraft and has already taken action to return its A330 fleet into service with immediate effect to offset the impact.

Akbar Al Baker, chief executive of Qatar Airways Group, said, “Qatar Airways expects Airbus to have established the root cause and permanently corrected the underlying condition to the satisfaction of Qatar Airways and our regulator before we take delivery of any further A350 aircraft.”

Meanwhile, the benefits of an A350 freighter would be that it meets ICAO C02 emission standards and will have 20 percent less fuel burn compared to twin-engine freighters, 30 percent less compared to trijets and 40 percent less compared to quadjets, as per the Airbus announcement.  

With 55 aircraft, Singapore Airlines became the largest operator of A350 by inducting three more into its fleet in April 2021. Meanwhile, Airbus delivered the first A350-900 from its widebody completion & delivery centre in Tianjin (C&DC), China, to China Eastern Airlines in July 2021.