• 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.

Thursday, December 14, 2017

BAE, Manchester varsity conclude flight trials with MAGMA

MAGMA is a jet-powered unmanned aerial vehicle (UAV) Aviation

December 14, 2017: In a bid to paving the way for future stealthier aircraft designs, the first phase of flight trials with jet-powered MAGM was recently conducted by BAE Systems along in conjunction with the University of Manchester.MAGMA is a small scale unmanned aerial vehicle (UAV), which is fitted with a unique blown-air system to manoeuvre the aircraft.According to reports, the new concept for aircraft control removes the conventional need for complex and mechanica

Intrepid funds Philippine Airlines to purchase Boeing B777-300ER

Intrepid Aviation acquires and leases twin-engine widebody aircraft  Aviation

December 14, 2017: Stamford-based leading commercial aircraft lessor Intrepid Aviation has arranged long-term lease finance for Philippine Airlines, which acquired a new Boeing B777-300ER. According to reports, the lease was underwritten and arranged by Norddeutsche Landesbank (NORD/LB), one of the largest commercial banks in Germany. “We have continued to branch out our commercial lending relationships, including the addition of new financing structures, including AFI

DHL to buy eight Airbus 300-600F cargo planes from Air Hong Kong

Air Hong Kong to support rapid growth of DHL in Central Asia  Air Cargo

December 14, 2017: World's leading international express services provider DHL Express has recently extended its alliance partnership with AHK Air Hong Kong Limited with a new 15-year block-space agreement. It will enable the carrier's overnight air services to continue supporting the

Wednesday, December 13, 2017

WFS opens new pharma facility in Copenhagen; wins Air India cargo contract

WFS invests in temperature-controlled pharma facility   Air Cargo

December 13, 2017: Worldwide Flight Services (WFS), the world’s largest air cargo handler, has opened a new temperature controlled pharma facility in Copenhagen and won the cargo handling contract for Air India’s new three times weekly Boeing 787 passenger and cargo services linking Denmark's capital city with New Delhi.The investment is in support of

Scott Beamer to take over as CFO of Cabot Microelectronics

Cabot supplies CMP polishing slurries and CMP pads Aviation

December 13, 2017: Cabot Microelectronics Corporation has appointed Scott Beamer as vice president and chief financial officer. He succeeds William Johnson who recently retired as CFO after almost 15 years of service.According to sources, Beamer is expected to assume his role as VP and CFO on January 15, 2018, while Johnson would continue for a short time to factor a smooth transition.Cabot is the leading supplier of chemical mechanical planarization polishing slurries a