Air Cargo

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

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Trump Hails Kushner’s PPE Airlift, But Details of Sales Are Secret

Bloomberg | May 01, 2020 | Air Cargo | Freighters

A program created by Donald Trump’s son-in-law Jared Kushner has airlifted millions of gloves, masks and other coveted coronavirus supplies into the U.S. from overseas -- but it isn’t clear who’s getting them and at what price, or how much private-sector partners are earning through the arrangement.

IAG’s Iberia, Vueling Tap $1.1 Billion in New State-Backed Loans

Bloomberg | May 01, 2020 | Air Cargo | Airlines

Ryanair to Cut 3,000 Jobs, Challenge $33 Billion in State Aid

Bloomberg | May 01, 2020 | Air Cargo | Airlines

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Boeing Rules Out Federal Aid After Raising $25 Billion of Bonds

Bloomberg | April 30, 2020 | Air Cargo | Airlines

Boeing Co. sold $25 billion of bonds in the largest offering this year, eliminating the need for more cash as the coronavirus pandemic upends the global aviation industry.

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United Airlines Sees Cash Burn Easing on Virus-Era Cost Cuts

Bloomberg | April 30, 2020 | Air Cargo | Airlines

United Airlines Holdings Inc. will wrestle its average daily cash burn down to no more than $45 million in the second quarter as the carrier braces for a prolonged travel slump due to coronavirus.

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American Air Focuses on U.S. Aid While Rivals Sell Bonds, Equity

Bloomberg | April 30, 2020 | Air Cargo | Airlines

American Airlines Group Inc. is doubling down on government aid even as rivals expand their funding sources with sales of shares and bonds.

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Lufthansa Running Out of Bailout Road as Germany Sets Terms

Bloomberg | April 30, 2020 | Air Cargo | Airlines

Germany’s government has set out a unified position on a bailout for Deutsche Lufthansa AG, with the airline group expected to accept a significant state stake and veto rights in exchange for a multibillion-euro package of assistance, according to people familiar with the matter.

US Transportation Secretary Chao announces over $1 billion in grants to 439 airports in 50 states

AJOT | April 30, 2020 | Air Cargo | Airports

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DB Schenker starts China-Shuttle from Shanghai to Munich

AJOT | April 30, 2020 | Air Cargo | Air Forwarders | Logistics

Three Boeing 767 passenger aircraft from Icelandair converted exclusively for DB Schenker • Further connections planned, including to Chicago • Urgently-needed capacity to tackle bottleneck from Coronavirus