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.

IATA Reports Air Cargo Demand Surges 10.8% in December, Closing 2023 Near 2022 Levels

By | 2024-02-06T18:35:27-05:00 January 31st, 2024|@AirGuide Business, Air Cargo, Airline Business, Airport Business, Press Releases|

The International Air Transport Association (IATA) in Geneva released data for global air freight markets showing that air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties. Full-year demand reached a level just slightly below 2022 and 2019. Global full-year demand in 2023, measured in cargo tonne-kilometers (CTKs), was [...]

Qatar Airways Cargo Welcomes Mark Drusch as New Chief Officer Cargo

By | 2024-03-12T14:38:22-04:00 January 31st, 2024|@AirGuide Business, Air Cargo, Airline Business|

Qatar Airways Cargo has announced the appointment of Mark Drusch as its new Chief Officer Cargo, effective immediately. Bringing over 25 years of extensive experience in senior airline management, Drusch is a prominent figure in the aviation industry. His expertise and leadership skills are expected to drive significant growth and innovation within Qatar Airways Cargo. [...]

Uzbekistan-Based My Freighter Welcomes Its First Converted 767-300ER Freighter

By | 2024-02-06T18:20:48-05:00 January 30th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

In a significant step towards enhancing its cargo fleet, Uzbekistan's My Freighter, based at Tashkent International, has recently welcomed its first Boeing 767-300ER(BDSF). This aircraft, registered as UK67015 and with a history of 32.1 years, previously served with Air Canada rouge. My Freighter acquired this aircraft through a lease agreement with Cargo Aircraft Management. The [...]

UK’s Loganair Bids Farewell to Saab 340 Operations

By | 2024-01-31T11:57:00-05:00 January 28th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Loganair, headquartered at Glasgow International Airport, marked the end of an era as it retired its last Saab 340B aircraft on January 25, 2024. The airline commemorated the occasion with a special farewell flight, taking off from Kirkwall and making its way to Glasgow International via Inverness. These venerable Saab 340s have played a pivotal [...]

Malaysia Airlines Update

By | 2024-01-30T17:20:06-05:00 January 26th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Malaysia Airlines, the prominent flag carrier of Malaysia, has established itself as a global player in the aviation industry. With its primary hub situated at Kuala Lumpur International Airport, the airline offers connectivity to a vast network of over 100 destinations spanning across six continents. Let's delve into some key aspects that define Malaysia Airlines. [...]

UPS Enhances Fleet with Two Additional Boeing 747-8Fs

By | 2024-01-31T13:00:49-05:00 January 24th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

United Parcel Service (UPS) is gearing up to reinforce its sizable cargo airline fleet by incorporating two more second-hand Boeing 747-8F aircraft in 2024. This move is a part of UPS's strategic plan to augment its extensive fleet, which presently includes 292 aircraft, featuring 28 Boeing 747-8Fs. These forthcoming acquisitions are detailed in UPS's annual [...]

Air Belgium to Phase Out Airbus A330neo Fleet Amid Operational and Financial Issues

By | 2024-01-23T15:39:33-05:00 January 21st, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Air Belgium has announced plans to retire its two Airbus A330neo aircraft, following ongoing engine problems and unproductive negotiations with Airbus. This decision emerges as the airline grapples with operational challenges and financial difficulties, including significant debts and delayed passenger refunds. Air Belgium’s Operational and Financial Struggles The Belgian carrier has been in the news [...]

Atlas Air Boeing 747-8F Cargo Plane Executes Emergency Landing at Miami Airport Due to Engine Malfunction

By | 2024-01-23T15:39:34-05:00 January 18th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business, Airport Business, Safety|

In a dramatic turn of events late Thursday, an Atlas Air Boeing 747-8F cargo plane, carrying five crew members, was forced to make an emergency landing at Miami International Airport (MIA) following an engine malfunction shortly after takeoff. Social media platforms, including platform X, circulated unverified videos displaying flames erupting from the aircraft's left wing [...]

Air France-KLM and CMA CGM to Dissolve Joint Venture and Open Door for Shareholding Changes

By | 2024-01-23T15:39:35-05:00 January 18th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Air France-KLM and the French shipping conglomerate CMA CGM are set to conclude their joint venture on March 31, 2024, just one year after its initiation. This dissolution also signals a potential shift in CMA CGM's involvement in Air France-KLM's shareholding, possibly leading to an accelerated exit from the airline group. The decision to end [...]

Tanzania Reinstates Kenya Airways Flights to Dar es Salaam Following Cargo Rights Agreement

By | 2024-01-23T16:13:26-05:00 January 17th, 2024|@AirGuide Business, Air Cargo, Airline Business, Airport Business|

Tanzania's Civil Aviation Authority (TCAA) has swiftly reversed its decision to revoke Kenya Airways (KQ, Nairobi Jomo Kenyatta) passenger traffic rights for the Nairobi to Dar es Salaam route. This reinstatement comes just a day after the initial ban was imposed, following a successful negotiation that granted Air Tanzania (TC, Dar es Salaam) the sought-after [...]

Cargojet Airways Cancels Orders for 777 Converted Freighters Amid Market Uncertainty

By | 2024-01-23T15:39:40-05:00 January 17th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

Cargojet Airways, a major player in the Canadian air cargo industry, has made a significant strategic decision by announcing the cancellation of its remaining orders for four converted Boeing 777-200LR(MF)s. This move, announced on January 15, marks the airline's departure from its initial plans to incorporate 777 Family aircraft into its fleet. The decision is [...]

FedEx CEO Reports Minimal Impact from Red Sea Shipping Disruptions

By | 2024-01-23T15:39:44-05:00 January 15th, 2024|@AirGuide Business, Air Cargo, Airline Business, Airport Business|

Despite ongoing disruptions in the Red Sea affecting global shipping routes, FedEx, a leading U.S. parcel delivery company, has reported a negligible shift towards air freight as an alternative. CEO Raj Subramaniam, speaking at the National Retail Conference on Sunday, emphasized that the company has not observed significant changes in their operations. "Considering that ocean [...]

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