Air Cargo

Coverage of air cargo related news including freight forwarders, airlines, airports and more

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Airline group sees virus hurting travel for at least five years

Air Freight News | May 13, 2020 | Air Cargo | Airlines

Demand for air travel will lag behind pre-coronavirus forecasts for at least five more years, according to the latest projections from the International Air Transport Association.

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Johnson says airlines must keep low carbon footprint

Air Freight News | May 13, 2020 | Air Cargo | Airlines

U.K. Prime Minister Boris Johnson said the global aviation industry needs to limit carbon-dioxide emissions once air travel resumes following the coronavirus crisis.

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Korean Air plans to raise over $800 million to stay afloat

Bloomberg | May 13, 2020 | Air Cargo | Airlines

Korean Air Lines Co. plans to sell new shares to raise about 1 trillion won ($817 million) after the coronavirus outbreak wiped out 90% of its flights.

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SocGen to make goodwill payment to Singapore Airlines short-sellers

Bloomberg | May 13, 2020 | Air Cargo | Airlines

Societe Generale SA will make a one-time payment to those who used its daily leverage certificates to short Singapore Airlines Ltd. stock and got wiped out after the carrier’s share price surged following an adjustment for a rights issue.

American gets most as biggest airlines win bulk of US aid

Air Cargo

Bloomberg | Top Story | May 12, 2020

American gets most as biggest airlines win bulk of US aid

Five major airlines have received the lion’s share of federal aid Treasury Secretary Steven Mnuchin has approved in the past six weeks as the industry copes with an economy forced to shut down by the coronavirus pandemic.

Boeing’s tally of lost orders soars to 255 for bad-to-worse 2020

Bloomberg | May 12, 2020 | Air Cargo | Airlines

Ryanair sees rivals failing, cheaper Boeing Max deal after virus

Bloomberg | May 12, 2020 | Air Cargo | Airlines

Boeing CEO sees risk a US airline will fail amid travel rout

Bloomberg | May 12, 2020 | Air Cargo | Airlines

Lufthansa bailout sparks debate in government about direct stake

Bloomberg | May 12, 2020 | Air Cargo | Airlines

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Premier Global Logistics with urgent air shipment to France

AJOT | May 12, 2020 | Air Cargo | Project

Premier Global Logistics (members in India) recently completed an air shipment totaling 7,615kg from Mumbai Airport to France via Turkish Airlines.

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American Airlines continues its pioneering history with expanded cargo operations

AJOT | May 12, 2020 | Air Cargo | Airlines

American Airlines has expanded its cargo schedule in May to provide 140 weekly flights to 15 cities in Asia Pacific, Europe and the Caribbean, up from 80 flights last week. New destinations include daily flights between Dallas-Fort Worth (DFW) and Hong Kong (HKG); and weekly flights from DFW and Beijing (PEK); DFW Chicago (ORD) and Paris (CDG); ORD and London Heathrow (LHR); Philadelphia (PHL) and Rome (FCO); PHL and San Juan (SJU), and PHL and Zurich (ZRH).

Iceland to test visitors upon arrival at Keflavik Airport

Bloomberg | May 12, 2020 | Air Cargo | Airports

Airlines granted more flight cuts as consumer complaints surge

Bloomberg | May 12, 2020 | Air Cargo | Airlines

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DACHSER adds charter flights from China to US

AJOT | May 12, 2020 | Air Cargo | Charters

As the airfreight capacity crunch continues, Dachser is adding dedicated charter flights from China to the U.S. Effective immediately, Dachser will charter several B777 with flights departing from both Hong Kong and Shanghai and arriving at LAX.