Air Cargo

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

Air France Readies Plan for 8,300 Voluntary Job Cuts

Bloomberg | June 17, 2020 | Air Cargo | Airlines

Lufthansa Pleads With Investors to Back $10 Billion Bailout

Bloomberg | June 17, 2020 | Air Cargo | Airlines

Deutsche Lufthansa AG issued a plea to investors to turn up and vote for a 9 billion-euro ($10 billion) bailout package or risk tipping Europe’s largest airline into insolvency.

Norwegian Air Jumps After Boosting Capacity for Summer Travel

Bloomberg | June 17, 2020 | Air Cargo | Airlines

Hundreds of Beijing Flights Canceled After Virus Flare-Up

Bloomberg | June 17, 2020 | Air Cargo | Airlines

South African Airways Needs $1.5 Billion in State Funding

Bloomberg | June 16, 2020 | Air Cargo | Airlines

South African Airways’ administrators proposed the government put up at least 26.7 billion rand ($1.5 billion) to rescue the carrier after years of losses and the grounding of commercial passenger flights to contain the spread of coronavirus.

AirAsia Eyes Durian Flights as Part of Farm-to-Table Food Push

Bloomberg | June 16, 2020 | Air Cargo | Airlines | International Trade

Asia’s biggest budget airline AirAsia Group Bhd. is mulling flying thorny, pungent durians around the region as part of a plan to use its trucks and planes to send food straight from farms to restaurants.

LATAM cargo expands its pharma network

AJOT | June 16, 2020 | Air Cargo | Freighters

LATAM Cargo Group extended its service to satisfy its clients’ needs in the midst of the health crisis caused by COVID-19, which led to closed-border policies and passenger flight restrictions.

Portugal Estimates It Will Give TAP a Loan of 950 Million Euros

Bloomberg | June 16, 2020 | Air Cargo | Airlines

Boeing Max Return in Europe Risks Delay Over Travel Rule

Bloomberg | June 16, 2020 | Air Cargo | Airlines

The return of Boeing Co.’s 737 Max to European skies is at risk of additional delays because of U.S. coronavirus travel restrictions that have hindered planning for test flights by regulators from the continent.

Singapore to Suspend Airport Expansion Works Amid Coronavirus

Bloomberg | June 16, 2020 | Air Cargo | Airports

U.S. Expands Flights from Chinese Airlines to Four Per Week

Bloomberg | June 15, 2020 | Air Cargo | Airlines | International Trade

FIS Air Freight Report June 15, 2020

AJOT | June 15, 2020 | Air Cargo | Freighters

China to Europe and China to USA continue sliding, down $1.06 and $0.57 respectively. Shanghai to Europe (primarily weighted by price drops into Frankfurt) collapses by $1.68 despite individual trade-lane price support into Amsterdam as rates appear inflated by above-the-market fixed price contracts.

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