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Cargojet Reports Strong 4Q and Full-Year 2024 Financial Results

Cargojet (Canada) reported a strong financial performance for 4Q 2024, with total revenue rising 32.1% to $206.7 million and net earnings reaching $50.2 million. The company’s full-year 2024 revenue grew 14.1% to $705 million, with net earnings of $108.4 million and net cash reserves of $231.7 million.

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Airbus Delays A350F by Up to a Year Amid Supply Challenges

Airbus is facing significant supply chain challenges, leading to a delay of up to one year for the A350F freighter program. Additionally, the manufacturer is encountering hurdles in increasing A350 production in the coming months due to component shortages and logistical constraints.

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SF Airlines Takes Delivery of 25th B767-300BCF

SF Airlines (China) has expanded its freighter fleet with the delivery of its 25th Boeing 767-300BCF, serial 30048, powered by CF6-80C2B7F engines. This latest addition reinforces SF Airlines’ position as China’s largest cargo airline, enhancing its long-haul freight capabilities.

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ACG Air Cargo Germany Loses $147.6 Million Lawsuit Over License Suspension

ACG Air Cargo Germany’s insolvency administrator has suffered a legal setback after the Braunschweig Regional Court ruled against its $147.6 million lawsuit against the Federal Aviation Office. The case centered on the carrier’s claim for damages following the suspension of its operating license, which it argued led to financial losses and insolvency.

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Magma Aviation Plans Fleet Expansion and Relocates Headquarters

Magma Aviation, a UK-based air cargo solutions provider, is set to enhance its operational capacity with a planned fleet expansion by the second half of 2025. The company aims to secure multiple aircraft, including medium-sized freighters, to complement its existing Boeing 747 international operations. This strategic move is designed to diversify and optimize Magma Aviation’s…

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Copa Airlines Expands Fleet with New Boeing 737-8 Deliveries

Copa Airlines, the flag carrier of Panama, is set to enhance its operational capacity with the planned addition of 13 Boeing 737-8 aircraft to its fleet in 2025. The delivery schedule commences with two aircraft in June, followed by the remaining units throughout the year. Additionally, the airline anticipates the arrival of a Boeing 737-800…

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DHL Express Ends Partnership with SmartLynx Airlines

DHL Express, a leading global logistics company, has terminated its partnership with SmartLynx Airlines as of February 1, 2025. This decision impacts the operations of SmartLynx Malta, a subsidiary of SmartLynx Airlines, which had been operating four aircraft for EAT Leipzig, a German cargo airline and DHL subsidiary.

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Boeing Forecasts 47% Growth in Latin America’s Freighter Fleet

Boeing has forecasted significant growth in Latin America’s freighter fleet, projecting a 47% increase, reaching 220 aircraft by 2043. This expansion is driven by rising demand for air cargo, fueled by e-commerce growth, supply chain shifts, and increased trade volume in the region.