For more aircargo data and analysis, please go to: http://www.airguideonline.com/professional.htm May 22, 2006
US releases long-awaited air cargo security regulation. The US government's final rule on air cargo security was issued this week after three years of debate and revision, marking the first major change to the regulations since 1999. May 19, 2006
Air cargo security plan includes background checks, more inspectors. New air cargo security requirements include criminal background checks for more than 100,000 airline and freight workers and screeners. The Transportation Security Administration will also hire 300 more air cargo inspectors. May 18, 2006
Global fleet of freighter aircraft is expected to increase more than 50% over the next 20 years, growing from the current 1,797 to nearly 3,400, according to a market forecast from BACK Aviation. Of that number, nearly 60% will be widebodies as the demand for long-haul capacity remains steady. The forecast also noted that converted passenger aircraft account for 70% of the freighter fleet. May 17, 2006
Atlas Air, Polar Air Cargo
Atlas reports first-quarter loss, looks to cut excess capacity. Hurt by excess capacity, Atlas Air and Polar Air Cargo parent Atlas Air Worldwide Holdings posted a first-quarter net loss of $3.7 million, down from a $675,000 profit in the year-ago quarter. To realign capacity with demand, Polar will retire or sell four 747-200Fs, a dash 100F and a dash 300F by July 1, reducing its fleet of 11 freighters to five dash 400Fs that will be joined by a sixth moved over from Atlas Air's fleet. "Given shifting market dynamics, we are reducing nonessential capacity in order to sustain and improve our...