IATA: Air cargo tracks near pre-COVID levels

The International Air Transport Association (IATA) released data for July 2022 global air cargo markets showing that demand continued to track at near pre-pandemic levels in July (-3.5%), but below July 2021 performance (-9.7%). Global demand, measured in cargo tonne-kilometres (CTKs), fell 9.7% compared to July 2021 (-10.2% for international…

LATAM Cargo to operate additional freighter 

LAN Cargo (LATAM Cargo) will operate an additional aircraft and, as a result, LATAM Cargo and its related carriers will end 2022 with a fleet of 16 767 freighters. “This aircraft will allow us to continue strengthening our value proposition through a broader and deeper network. The B767-300F’s blend of…

Global X agrees to convert an A321 to A321 P2F with Icelease

Global Crossing Airlines Group (GlobalX) signs a definitive agreement with Icelease to convert an Airbus A321 aircraft (MSN 2840) and lease to GlobalX for a period of eight years. The aircraft is currently flown by GlobalX in passenger configuration and will be converted at a Precision Aircraft Solutions facility starting…

IATA: June air cargo “stable and resilient”

The International Air Transport Association (IATA) released data for global air cargo markets showing healthy and stable performance. Global demand, measured in cargo tonne-kilometers (CTKs), was 6.4% below June 2021 levels (-6.6% for international operations). This was an improvement on the year-on-year decline of 8.3% seen in May. Global demand…

Etihad Cargo posts mid-year revenue increase

Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced record-breaking results for the first half of 2022, achieving year-on-year revenue growth of 6 per cent compared to H1 2021 and contributing 35 per cent of Etihad Aviation Group’s operating revenue. In addition to recording an increase…

Senator International Chile joins LATAM “Let’s Fly Neutral” program

Senator International Chile , an international cargo transport company, signed an alliance with LATAM Cargo, joining the “Let’s Fly Neutral” program promoted by the airline. The program goal is to encourage customers to offset through a collaborative approach; for every ton of CO2 compensated by the customer, the Group will…

CALC places its First B737-800SF conversion order with AEI

China Aircraft Leasing Group Holdings (CALC) has signed a contract with Aeronautical Engineers, Inc. (AEI) for its first AEI B737-800SF freighter conversion. The aircraft (MSN: 30516) will commence modification at the end of July and will be redelivered to CALC in October 2022. Touch labor and maintenance requirements will be…

LATAM Group unveils new cargo plan

LATAM Airlines Group (LATAM) has unveiled a significant plan that seeks to reinforce cargo connectivity between Europe and the Americas. The plan will be implemented gradually during the second half of this year, with more frequencies, a more diversified transatlantic network between Europe and strategic US cities, and greater connectivity…

IATA: May air cargo buoyed by easing of China Omicron restrictions

The International Air Transport Association’s (IATA) May 2022 data for global air cargo markets showed that the easing of Omicron restrictions in China helped to alleviate supply chain constraints and contributed a performance improvement in May. Global demand, measured in cargo tonne-kilometers (CTKs), was 8.3% below May 2021 levels (-8.1%…

AFG acquires one A330-200

On 11 July 2022, AFG Aviation Ireland, a wholly-owned subsidiary of Aircraft Finance Germany (AFG), completed the acquisition of one Airbus A330-200 bearing MSN 926 from a subsidiary of French shipping giant CMA CGM S.A. The aircraft will shortly be ferried to Teruel Airport (Spain) for storage while it awaits…