Maersk continues to move ahead with plans to grow its air cargo business in 2024 even as many competitors pull back in the wake of a painful downturn, culminating with a milestone next quarter when Boeing expects to deliver the first two 777s for the airline operation.
The developments underscore the strategic shift in recent years of Danish shipping power A.P. Moller-Maersk (CSE: MAERSK) into an integrated logistics provider that can provide customers a full menu of supply chain and freight...
Unspecified problems with two used aircraft that recently were converted by Boeing to carry cargo have forced Alaska Airlines to open a new freighter service to Los Angeles with smaller Boeing 737-700s from its existing fleet.
The service is designed to streamline Alaska’s supply chain since many of the groceries, household goods and medicine shipped into the state come from Southern California. It is the first time Alaska Airlines’ freighters have flown beyond Alaska and Seattle.
Alaska Air...
https://www.freightwaves.com/news/boeing-quality-issue-delays-alaska-airlines-converted-freighters
Amazon has committed to lease 10 additional freighter aircraft from Air Transport Services Group and pay its partner to operate the aircraft over five years as part of a deal that deepens relations between the companies and underscores how the retailer is gaining in the U.S. parcel market.
ATSG (NASDAQ: ATSG) announced late Monday that it will begin flying the Boeing 767-300 cargo jets for Amazon’s logistics network this summer, with the potential to add another 10 aircraft, under a five-year...
https://www.freightwaves.com/news/amazon-to-rent-10-boeing-767-300-freighters-in-fleet-upgrade
The recent recovery of the air cargo market didn’t happen soon enough to save Iceland-based cargo airline Bluebird Nordic, which ceased operations late last month.
The airline, which existed for 23 years and was acquired by Lithuanian conglomerate Avia Solutions Group in 2020, surrendered its air operator certificate to the Icelandic Civil Aviation Authority and is returning aircraft to lessors, trade publication ch-aviation first reported.
Bluebird Nordic was a victim of rapid expansion, in...
https://www.freightwaves.com/news/icelandic-cargo-airline-bluebird-nordic-shuts-down
Hawaiian Airlines has commenced operating a second Airbus A330-300 cargo jet for Amazon on a new route between New York’s JFK airport and the retail behemoth’s West Coast air logistics hub in San Bernardino, California, the company reported in quarterly earnings Tuesday.
Under a transportation services agreement that kicked in last year, Amazon (NASDAQ: AMZN) leases the aircraft from a dealer and transfers them to Hawaiian Airlines (NASDAQ: HA) to fly and provide routine maintenance. Hawaiian,...
https://www.freightwaves.com/news/hawaiian-airlines-slowly-adds-freighters-for-amazon-business
The company behind Northern Air Cargo has taken delivery of two widebody freighter aircraft this year and immediately placed them in storage because there isn’t enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned.
The decision represents the latest case of an all-cargo airline throttling back on fleet expansion plans made during the COVID crisis when a shortfall in shipping capacity sent rates through the roof and...
https://www.freightwaves.com/news/cargo-airline-sends-new-boeing-767-freighters-directly-to-storage
My Freighter, a startup cargo airline based in Tashkent, Uzbekistan, has received its third Boeing 767-300 converted freighter from Air Transport Services Group, the U.S. leasing and aviation services company announced on Monday.
My Freighter took delivery of its first 767-300 in early November. ATSG (NASDAQ: ATSG) sends the former passenger aircraft to airframe repair specialists to tear down and rebuild the interior to handle large containers before leasing them to customers.
The airline...
https://www.freightwaves.com/news/uzbekistan-based-cargo-airline-my-freighter-adds-third-boeing-767
FedEx has parked 17 more freighter aircraft since November and relinquished options to buy seven Boeing 767 cargo jets, part of a multiyear cost initiative that helped the parcel titan to better-than-expected operating profit in the third quarter despite lower revenue.
Besides being cautious with aircraft utilization and investments, the Express unit expects to increase savings and yields by turning a portion of the fleet into an extension of the company’s large U.S. and European...
https://www.freightwaves.com/news/fedex-deactivates-17-more-aircraft-as-cost-controls-pay-off
Amazon’s private cargo airline, Amazon Air, took a different approach with its North American and European networks during the past 12 months. It has been streamlining operations in the U.S. by prioritizing larger planes and major hubs, but relying less on hubs in Europe as flight activity decreases, according to a report published Thursday.
The air logistics unit’s meteoric growth has ended after seven years, but the company was able to maintain operating levels at a time when many cargo...
https://www.freightwaves.com/news/amazon-concentrates-parcel-freighters-at-us-air-hubs-report-says
Airbus Beluga Transport, a new cargo airline established by the European aircraft manufacturer to carry oversize shipments, is open for business and prospecting for customers.
An ultralarge BelugaST freighter will arrive Monday afternoon at Orlando Sanford International Airport in Florida with an Airbus-built Eutelsat E36D satellite, which will be trucked to the Kennedy Space Center for launch into orbit aboard a SpaceX Falcon 9 rocket later this month.
The delivery marks the inaugural North...
https://www.freightwaves.com/news/airbus-distinctive-new-airline-ready-to-haul-whale-size-loads