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US Cargo Sales Joint Venture, which handles US cargo sales and marketing for SkyTeam Cargo carriers Air France, Delta Air Lines and Korean Air, yesterday named Chang-Hoon Kang as its new CEO. Kang, previously managing VP-cargo network and revenue management for Korean Air Cargo, replaces J.D. Cha, who was reassigned to Korean Air Cargo's Seoul headquarters. Aug 4, 2006

AirBridge Cargo

AirBridge Cargo will base an IL-76 freighter provided by parent Volga-Dnepr Group in Krasnoyarsk to "meet growing demand" in eastern Russia. Aug 2, 2006

Airbus, FMC Technologies, FedEx

FMC Technologies said its Airport Equipment and Services operation in Orlando was selected by FedEx to develop and manufacture a new A380F main/upper deck cargo loader. Aug 3, 2006

Atlas Air

Atlas Air Worldwide Holdings said yesterday it will pay off approximately $141 million of principal under two aircraft financing facilities using cash from existing balances and will terminate an existing revolving credit facility with no borrowings outstanding. President and CEO William Flynn said Atlas will take advantage of its cash position, which totaled $309 million after the first quarter, to pay down or terminate facilities "that inhibit our strategic and operating flexibility." The company said it would make the payments yesterday, removing the financing liens on 16 747s, among other assets. AAWW said it will incur a one-time expense of about $13 million in the third quarter related to the write-off of the remaining, unamortized discount associated with the debt. Aug 1, 2006

Boeing, Air France

Boeing firms design configuration for 777 freighter. Boeing said this week it has firmed the design configuration for the 777 freighter, which was launched 15 months ago with an order from Air France and will be the sixth version of the 777. The manufacturer said AF "has been closely involved in the airplane's design and development." The airline will take delivery of the first of five 777Fs in the last quarter of 2008. According to Boeing, the 777F will have a range of 4,895 mi. (9,065 km.) with a full payload. Maximum takeoff weight will be 766,000 lb. (347,450 kg.) with a revenue payload capability of 229,000 lb. (103.9 metric tons). It will be capable of accommodating...

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