In late November, China Eastern Airlines reached an agreement to sell its main-deck cargo business, including China Cargo Airlines, to CEA Holding for US$353 million. As things stand before the sale (which is awaiting approval), China Eastern Airlines is the sole owner of Eastern Logistics, which in turn, owns 83% of China Cargo Airlines (as[…]
Earlier this fall, Silk Way West Airlines, the scheduled-service subsidiary of the Silk Way Group, launched twice-weekly flights from its home base in Baku, Azerbaijan, directly to Chicago’s O’Hare International Airport (ORD). Although the carrier has been operating similar scheduled flights to New York’s John F. Kennedy International Airport (JFK) with its 747-8F for nearly[…]
Not exactly a burning issue for the air freight industry, but interesting nonetheless to anyone who follows the e-commerce revolution: This week, Seattle-based retail and online services giant Amazon unveiled its newest concept, the “Amazon Go” small-format grocery store. It promises a feature that no other supermarket currently offers, the ability to grab products off[…]
Continuing a trend that first became noticeable in September, demand for global airfreight grew in October at the fastest rate the industry has seen in the last year and a half, according to the latest figures from the International Air Transport Association (IATA). Measured in freight tonne kilometers (FTKs), the growth rate for the month[…]
Hong Kong’s premier air cargo handler sees promising potential in northeastern China, not far from the border with North Korea. In September, Hong Kong Air Cargo Terminals Ltd. (Hactl) subsidiary Hactl Development Holdings signed a strategic cooperation framework agreement with Liaoning Airport Management Group, owner of Shenyang Taoxian International Airport, in what both parties described[…]
As it continues an ambitious infrastructure upgrade, Miami International Airport (MIA) announced further growth in its freighter service with the addition of two weekly roundtrip flights on a triangular route between MIA, Mexico City and Mérida via AeroUnion. The service from the Mexico-based carrier, which departs every Tuesday and Friday, began on Dec. 2, making[…]
