AJW Group, a leading UK-based provider of aviation support services, has entered into a multi-year Power-by-the-Hour (PBH) agreement with Enter Air (Poland) to support its fleet of 22 B737NG aircraft. This comprehensive agreement includes a full logistics solution, with warehousing and stock positioning in Warsaw, ensuring that Enter Air has access to essential parts and maintenance resources when needed.
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.
Hyundai Glovis, a major shareholder in South Korea’s Air Incheon, is set to evaluate its preemptive acquisition rights for the airline. This decision will be made based on Air Incheon’s advancements in operational improvements, the profitability of Asiana Cargo, and planned aircraft replacements, all of which are key indicators of the airline’s future potential and…
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.
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…
