IATA sees cargo demand growth at an all-time high for 2024, having grown nearly 12% year-over-year but warns of possible headwinds from threatened U.S. tariffs.
AIR has already delivered an operational prototype to an undisclosed customer, which has been flying regularly for months as part of a pilot evaluation program.
ATSG is slated to become a private company now that investment firm Stonepeak has agreed to acquire it in an all-cash transaction valued at $3.1 billion.
The ES1000, from Beijing-based manufacturer Yifei Aviation Technology, uses distributed hybrid-electric propulsion and blown lift for short takeoff and landing.
All Nippon Airways has opened Cargo Building 8 at Tokyo Narita airport and will begin consolidating all of its cargo buildings there into a single unit.
Amazon Air Cargo has begun advertising available capacity for ad hoc, charter, or blocked space services on a cargo fleet that is now more than 100 aircraft.
Singapore plans to build a second Airport Logistics Park at Changi Airport as the government prepares to increase the airport’s cargo handling capacity.
At the ISTAT Europe Middle East and Africa conference, several cargo airlines agreed their biggest challenge was access to suitable additional aircraft.
The SATS and China-based Sinotrans Air Freight link-up will potentially see the pair set up gateway hubs for Sinoair in Belgium, Malaysia, Indonesia, Saudi Arabia and Singapore.
One Air, which started operations in July 2023, has added a third Boeing 747 to its fleet and is considering branching out into 777F operations next year.
Confident the air cargo sector in Africa will exceed projected growth figures by 2025, an industry leader has urged the region’s airlines to play a larger role.