Air Cargo

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

Delta Air Lines Seeks $3 Billion in Bonds, Loan Amid Travel Halt

Bloomberg | April 22, 2020 | Air Cargo | Airlines

Virgin Atlantic’s Co-Owner Raises Specter of Administration

Bloomberg | April 22, 2020 | Air Cargo | Airlines

The co-owner of struggling Virgin Atlantic Airways Ltd. said it’s unable to invest more and raised the possibility that Richard Branson’s U.K. airline could face going through insolvency proceedings.

Ethiopian Finalizes Distribution of Jack Ma’s 2nd Round Donation to Africa Addis Ababa, 22 April, 2020

AJOT | April 22, 2020 | Air Cargo | Freighters

Ethiopian Airlines completed the flight and delivery of the second round shipments of life saving medical supplies to fight COVID-19 donated by Jack Ma to all African countries.

Swiss WorldCargo operates first cargo-only flight from Shanghai to Geneva

AJOT | April 22, 2020 | Air Cargo | Freighters

On behalf of Geneva University Hospital (HUG) and the Canton of Geneva, SWISS transported medical supplies from China to Switzerland, supported by its Swiss WorldCargo airfreight division.

Virgin Atlantic resumes Shanghai cargo services

AJOT | April 22, 2020 | Air Cargo | Airlines

Virgin Atlantic Cargo has become the first British airline to resume scheduled services to China, operating three flights a week from Heathrow Airport to Shanghai.

Delta Air Targets 50% Cut in Daily Cash Burn by End of June

Bloomberg | April 22, 2020 | Air Cargo | Airlines

Delta Air Lines Inc. vowed to cut its daily cash burn in half by the end of June as the carrier rushes to scale back operations amid a collapse in travel demand.

FIS Air Freight Report April 21, 2020

AJOT | April 22, 2020 | Air Cargo | General

Shanghai continues its monumental price surges, with Shanghai to US gaining 67 cents (up 9.68%) and into to Europe up a softer 14 cents to a monumental high of $8.79. Continuing its reversal, Hong Kong slackens, with the US trade-lane down 21 cents last week.

EU’s Next Move in Airbus-Boeing Feud Clouded by Pandemic

Bloomberg | April 22, 2020 | Air Cargo | Airlines | International Trade

Cash-Strapped Airlines Ignore India’s Order to Not Sell Tickets

Bloomberg | April 22, 2020 | Air Cargo | Airlines

United Raises $1 Billion Via First U.S. Airline Share Sale

Bloomberg | April 21, 2020 | Air Cargo | Airlines

United Airlines Holdings Inc. raised $1 billion by selling new shares, stepping up efforts to increase capital to survive a collapse in travel demand.

Air Cargo

Bloomberg | Top Story | April 21, 2020

Denied a Bailout, Virgin Australia a Warning for Other Airlines

The collapse of Virgin Australia Holdings Ltd. after the briefest of fights indicates the world’s weakest airlines have little time to secure funds before they succumb to the coronavirus.

Air Cargo

AJOT | Top Story | April 21, 2020

Virgin Atlantic delivers 3.5 million items of PPE and medical supplies to the UK from China

In partnership with the Department of Health and Social Care and the NHS, Virgin Atlantic has so far operated five cargo-only flights from Shanghai to London Heathrow, bringing 80 tonnes of medical equipment, supplies and PPE, transported in 8,000 boxes, carrying over 3.5 million individual items

Passenger planes carry cargo to Munich

Air Freight News | April 21, 2020 | Air Cargo | Airlines

To do its part in addressing the covid-19 crisis, Lufthansa is currently operating two daily flights carrying protective equipment from China to Munich Airport with Airbus A350 long-range jetliners. Under normal circumstances, Lufthansa's A350 fleet carries passengers to intercontinental destinations in North and South America and in Asia.

Air Cargo

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