Air Cargo News.

 
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Aug 13, 2007

Cargo business to see a lot of action in India. Six airlines to take off in the next 18 months, infrastructure constraints remain. Lured by the massive expansion of India's trade, more than six cargo airlines plan to start operations in the country in the next 18 months. Apart from Air India (post-merger) and Jet Airways, both of which will have dedicated cargo units, start-ups like Flyington Freighters and non-scheduled cargo operators like Aryan Cargo Express and Air Cargo Express are planning to start operations by the end of this year. Aug 6, 2007

ABX Air

ABX Air, Inc. today reported solid financial results compared with the second quarter of 2006, as pre-tax earnings from its rapidly growing, higher-margin air charter business more than offset reductions in pre-tax earnings from its commercial agreements with DHL. Aug 9, 2007

ABX Air, Air China, Boeing

ABX Air yesterday agreed to purchase a Boeing 767-200ER from Air China and convert it to a freighter for long-haul international operations. The Wilmington, Ohio-based cargo carrier projected the total cost to purchase, modify and put the aircraft into revenue service at approximately $23 million. ABX primarily operates as a DHL subservice carrier in the US but is eager to grow non-DHL operations outside North America. "We continue to expand our presence in the ACMI charter industry and look forward to adding this aircraft to our 767s already deployed with ACMI customers serving the South American and Asia/Pacific markets," President and CEO Joe Hete said. The 767 will be delivered to ABX Air in the fourth quarter and then sent to VEM Maintenance & Engineering in Brazil for cargo conversion. It is expected to enter service in the second quarter of 2008, likely becoming the 43rd 767 in ABX's fleet. Aug 7, 2007

Astar Air Cargo, DHL

Astar Air Cargo reached agreement to purchase two DC-8-73 freighters in its current fleet that it had been leasing from Bank of America. The aircraft are dedicated to Astar's DHL operation. Aug 8, 2007

Atlas Air, Polar Air

Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, posted second-quarter net income of $43.2 million, more than four times the $10.7 million profit earned in the year-ago quarter. It credited a 16% fleet reduction and "active asset management" for the improvement and pointed to a $27.7 million lowering in income tax expense owing to a tax benefit related to DHL's purchase of a 49% equity interest and 25% voting...

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