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Boeing Delivers 14 Aircraft in October 2024, Receives Order for Seven B777Fs

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In October 2024, Boeing recorded its lowest monthly delivery total since November 2020, with only 14 aircraft delivered. This marks a notable drop for Boeing, reflecting the challenges the manufacturer is facing in maintaining consistent delivery numbers. Despite the low output, Boeing received an order for seven B777F freighters from an unidentified customer or customers, highlighting ongoing demand for cargo aircraft even amid production…

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Levu Air Cargo Secures AOC, Awaits Delivery of Second A321F

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Levu Air Cargo, a Brazilian air cargo carrier, has achieved a major milestone by obtaining its Air Operator Certificate (AOC). This certification allows Levu Air Cargo to legally operate flights within Brazil and marks an important step in the company’s growth strategy. As it moves forward, the airline is now preparing to take delivery of its second…

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Rosaviatsia Suspends AirBridgeCargo’s AOC Amid Operational Pause

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AirBridgeCargo, a major Russian cargo airline, has had its Air Operator Certificate (AOC) suspended by Rosaviatsia, Russia’s Federal Air Transport Agency. The suspension follows a prolonged halt in operations, as AirBridgeCargo has not conducted any flights since March 2022. This development effectively grounds the airline, preventing it from resuming operations until the AOC is reinstated. The suspension reflects Rosaviatsia’s…

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ABX Air Operates 10th Amazon B767-300F

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ABX Air has recently commenced operations with the 10th Boeing 767-300F aircraft in its fleet for Amazon. This specific aircraft, previously managed by Atlas Air, has been repositioned to ABX Air as part of Amazon’s strategy to expand its dedicated air cargo network in the United States. By integrating this aircraft into ABX Air’s operations, Amazon aims to bolster its…

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TP Aerospace Expands Wheels and Brakes Program for K-Mile Air’s B737 Fleet

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TP Aerospace, a Danish aviation support company specializing in wheels and brakes, has extended its partnership with Thailand’s K-Mile Air through a new and updated long-term Wheels and Brakes Program. This expanded agreement will cover both K-Mile Air’s current fleet of Boeing 737 Classic (B737CL) and Next Generation (B737NG) aircraft, as well as any future…

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Cargojet Reports 14.8% Revenue Growth and 182.9% Increase in Earnings for Q3 2024

ByAdmin

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.

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Cargojet Announces Share Buyback Plan with TSX Approval

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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…

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Stonepeak to Acquire Air Transport Services Group in $3.1 Billion All-Cash Deal

ByAdmin

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…

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Stonepeak to Acquire Air Transport Services Group in $3.1 Billion Deal

ByAdmin

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…