ANA All Nippon Airways, Japan’s leading airline, has retired one of its Boeing 767-300BCF aircraft from regular service. The aircraft, identified by serial number 25654, is expected to be transferred to an overseas buyer within the coming month. This transition reflects ANA’s ongoing fleet management strategy, adjusting its resources to align with operational needs and…
Cargojet, Canada’s premier air cargo carrier, has reported strong financial results for the third quarter of 2024, with total revenue rising by 14.8% to $176.6 million. The company also achieved a remarkable 182.9% increase in net earnings, reaching $21.3 million, underscoring Cargojet’s resilience and efficiency in a competitive market.
Cargojet, a leading Canadian air cargo carrier, has announced that the Toronto Stock Exchange (TSX) has accepted its notice to renew the company’s normal course issuer bid, allowing Cargojet to repurchase a portion of its common and variable voting shares. This renewal enables Cargojet to buy back up to 1,500,000 shares, with the program set…
Air Transport Services Group (ATSG), a prominent U.S.-based provider of air cargo and leasing services, has entered into a definitive agreement to be acquired by investment firm Stonepeak in an all-cash transaction valued at approximately $3.1 billion. The deal, which is expected to close in the first half of 2025, will result in ATSG transitioning…
Lufthansa Cityline, a regional airline within the Lufthansa Group based in Germany, has announced plans to transfer its four Airbus A321P2F aircraft to Lufthansa Cargo, the cargo-focused division of the group. This move aims to bolster Lufthansa Cargo’s capacity to meet increasing demand for air freight services, particularly in the European market.
BBN Airlines Indonesia has taken delivery of its first Boeing 737-400F, a freighter aircraft designed to support the airline’s cargo expansion strategy. The aircraft, serial number 26302, arrives on lease and is equipped with CFM56-3C1 engines, marking a significant milestone for the airline as it enters the dedicated cargo market.
Air Transport Services Group (ATSG), a prominent provider of air cargo and aircraft leasing services in the U.S., is set to be acquired by Stonepeak, a leading investment firm, in a transaction valued at approximately $3.1 billion, including debt. This acquisition marks a significant expansion of Stonepeak’s presence in the aviation sector, particularly in cargo…
The International Air Transport Association (IATA) has announced a 9.4% increase in global air cargo demand for September 2024 compared to the same month in 2023. This marks the tenth consecutive month of year-over-year growth, indicating a robust recovery in the air cargo sector.
Sun Country Airlines, a U.S.-based low-cost carrier, is in negotiations with Amazon to broaden their existing cargo partnership, potentially introducing special charter flights for Amazon’s dedicated customers. This expansion would enable Sun Country to operate exclusive cargo flights tailored to meet Amazon’s growing logistics needs, offering flexibility and custom solutions for Amazon’s high-priority shipments.
Air One, a U.K.-based cargo airline, is set to enhance its operations by integrating two Boeing 777 Freighters (777Fs) into its fleet. These aircraft will be the first direct deliveries from Boeing for Air One and its affiliate, One Air. The addition of the 777Fs is aimed at expanding the airline’s scheduled cargo services between…
