AirGuide Business – Air Cargo Business & Finance covers global air cargo, freight, traffic, finance, technology, related supplier news, feature articles, special reports, market intelligence and analysis for industry professionals.

China Airlines Set to Expand Fleet with A321neos and Boeing 777 Freighters

By | 2024-04-12T09:01:38-04:00 April 2nd, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

China Airlines, based in Taipei, Taiwan, is on track to enhance its fleet with the addition of eight new aircraft by the end of 2024. The airline's Chief Executive, Kao Shing-Hwang, announced plans to introduce five Airbus A321neo jets and three Boeing B777-200F freighters as part of its ongoing fleet renewal efforts. This strategic move [...]

UPS Secures Position as USPS’s Leading Air Cargo Provider

By | 2024-04-02T17:14:26-04:00 March 30th, 2024|@AirGuide Business, Air Cargo, Airline Business|

United Parcel Service (UPS) is set to become the primary air cargo provider for the United States Postal Service (USPS), marking a significant shift in the logistics industry. This announcement comes as FedEx decides to end its 22-year partnership with USPS, citing unsatisfactory terms in the new contract negotiations. The change underscores a pivotal transition [...]

Argentina and US Appeal to ICAO Over Venezuela’s Airspace Closure

By | 2024-04-02T17:14:29-04:00 March 29th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business, Airport Business, Security|

In a move reflecting escalating tensions in international aviation, the governments of Argentina and the United States have formally appealed to the International Civil Aviation Organization (ICAO) concerning Venezuela's decision to close its airspace to all Argentinian-registered aircraft. This drastic measure comes in the wake of Venezuela's response to Argentina's involvement in the seizure and [...]

Atlas Air Enhances Partnership with YunExpress, Adds Second Boeing 777 Freighter for Expanded US-China Routes

By | 2024-04-02T17:14:33-04:00 March 28th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business, Press Releases|

Atlas Air, a key player in global aviation logistics under Atlas Air Worldwide Holdings, has announced a significant expansion in its strategic partnership with YunExpress, a notable entity of Zongteng Group. This collaboration is set to grow with the introduction of a second Boeing 777-200 freighter, solidifying a long-term charter agreement between the two companies. [...]

FedEx Express Adjusts Boeing 767-300F Aircraft Options Amid Fleet Optimization Strategy

By | 2024-04-02T17:38:40-04:00 March 28th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

FedEx Express, a leading player in the global air cargo industry, has strategically revised its Boeing 767-300F aircraft purchase options, reducing the total from 50 to 43 during 2023. According to the company's latest quarterly report, this adjustment aligns with FedEx's ongoing efforts to evaluate and fine-tune its fleet composition for optimal network performance. The [...]

Sky Vision Airlines Diversifies with First A320-200(P2F) for Cargo Charter Services

By | 2024-04-02T17:38:43-04:00 March 27th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Egypt-based Sky Vision Airlines is expanding its operational capabilities by entering the cargo charter market with the acquisition of its first Airbus A320-200(P2F). This move marks a significant diversification for the airline, traditionally known for its passenger services. The newly converted freighter, registered as SU-SKD (msn 2724) and aged 18.1 years, previously served orange2fly in [...]

Etihad Cargo and Astral Aviation Mark Inaugural Nairobi-Abu Dhabi Flight, Bolstering UAE-Africa Trade

By | 2024-04-02T17:38:52-04:00 March 25th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business, Airport Business|

In a landmark move for global logistics and air cargo services, Etihad Cargo, in partnership with Astral Aviation, celebrated the launch of their inaugural flight from Nairobi to Abu Dhabi on 21 March 2024. This inaugural flight, a direct outcome of the recently signed Memorandum of Understanding (MOU) between the two carriers, symbolizes a significant [...]

FedEx Boosts Profit Outlook Amid Cost-Cutting Measures, Shares Surge

By | 2024-03-25T15:17:28-04:00 March 23rd, 2024|@AirGuide Business, Air Cargo, Airline Business|

FedEx Corp, the renowned package delivery giant, has revised its fiscal 2024 profit outlook, signaling confidence in its strategic cost-cutting initiatives and share buyback plans. This adjustment comes in response to the shifting demand dynamics with the U.S. Postal Service (USPS), its largest customer. Following the announcement, FedEx shares experienced a notable surge, climbing 12.8% [...]

LATAM Airlines Group Plans Strategic Expansion and Fleet Growth

By | 2024-03-25T15:17:34-04:00 March 20th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

LATAM Airlines Group's stellar performance in 2023 is setting the stage for substantial growth in the coming years, as highlighted by the company's ambitious plans to expand its fleet. Roberto Alvo, the CEO of LATAM Airlines Group, revealed these expansion plans during the Aviation Week Network’s Routes Americas conference in Bogotá. The airline is actively [...]

Atlas Air Contemplates Major Order for A350F or 777-8F Freighters Amid Expansion Plans

By | 2024-03-28T11:37:55-04:00 March 19th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Atlas Air Worldwide Holdings, a leading cargo airline based at New York JFK and operating an all Boeing fleet, is in the advanced stages of negotiation with Airbus and Boeing for a significant order, potentially opting for the next-generation A350Fs or 777-8Fs. CEO Michael Steen disclosed to Bloomberg that the decision hinges on clearer delivery [...]

Silk Way West Airlines Expands 777-200F Fleet with Additional Order

By | 2024-03-25T15:19:24-04:00 March 19th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Silk Way West Airlines, based in Baku, Azerbaijan, has strategically expanded its cargo fleet by placing an additional order for a Boeing 777-200F with Boeing, increasing its total order to six of these advanced freighters. This move is part of the airline's ambitious strategy to modernize its fleet, with two of these aircraft already enhancing [...]

Breakthrough in Dutch Airfreight Cartel Case as Carriers Settle with Shippers

By | 2024-03-25T15:19:28-04:00 March 18th, 2024|@AirGuide Business, Air Cargo, Airline Business, Government & Regulatory|

In a significant development within the Netherlands, a longstanding legal battle involving claims against an alleged airfreight cartel has seen major progress. Former members of the cartel, including Air Canada, British Airways, Cathay Pacific, and Singapore Airlines, have reached a settlement with Equilib, a claims agency representing hundreds of European shippers impacted by inflated fuel [...]

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