Cargojet reported C$231.9 (US$ 170.5) million revenue in first quarter 2023 (Q1 2023) revenue, down on the C$233.6 million for 2022. Gross margin for the quarter was C$45.5 million compared to Q1 2022's C$66.9 million, with adjusted EBITDA at C$75 million compared to...
MRO News Archive
Maintenance, repair and overhaul news from around the world
Etihad Cargo expands China capacity with weekly flights to Wuhan
Etihad Cargo has added a fourth gateway destination to its Chinese network with the introduction of weekly flights to Wuhan Tianhe International Airport in the Hubei province of China. The inaugural flight arrived in the Hubei Province on April 29. As of now, Etihad...
Sichuan Airlines launches cargo flights between Chengdu and Budapest
Sichuan Airlines has launched a cargo service between Chengdu Shuangliu International Airport in Sichuan Province and Budapest Ferenc Liszt International Airport. This new route will play a vital role in Chinese-Hungarian trade relations. The cargo flight will be...
Cargolux reports record revenue for 2022
Cargolux Group reported record $5.1bn revenue in 2022 and profit of $1.6bn, a 21&% increase compared to the year before. Cargolux said that “strong yields and high volumes” during H1 2022 were key to the company’s strong financial performance, which saw revenue up...
Abu Dhabi Airports welcomes the inaugural SF Express cargo flight
Abu Dhabi Airports recently welcomed the first SF Express cargo plane to Abu Dhabi International Airport signalling the launch of operations for SF Express in the region. This strategic partnership is in collaboration with Etihad Cargo and Kerry Logistics, and further...
DHL-Turkish Cargo deal could see significant jump in Istanbul-bound air freight
DHL Global Forwarding has announced the signing of a memorandum of understanding with Turkish Cargo, the freight division of flag carrier Turkish Airlines The deal "will not only further improve each other’s operational efficiency, but also enhance Istanbul’s...
Central Airlines maps out cargo flights between New York and Chine, Awaiting DOT approval
Central Airlines has filed an application with the US Department of Transportation (DOT) to begin operating cargo and mail flights between China and US from November 2023. The airline is planning to deploy its B777 Freighter between Shenzhen and New York six times...
Kuehne+Nagel’s air cargo revenue down 41%
Swiss cargo business Kuehne+Nagel reported a better-than-expected profit in the first quarter of the year (Q1 2023) but saw its air freight business' revenue fall 41% year-on-year. "Net turnover of the air logistics business unit amounted to CHF 1.9bn and EBIT to CHF...
Chapman Freeborn adds director to handle cargo for automotive clients
Chapman Freeborn has appointed Russell Cook as its industry vertical director – automotive. A global aircraft charter business and part of Avia Solutions Group, Chapman said Cook will work with auto businesses to help with their supply chain freight forwarding...
ATSG to lease two newly-converted Boeing freighters to Amerijet
Freighter lessor Air Transport Services Group (ATSG) has acquired two newly converted Boeing 767-300 freighters. Cargo Aircraft Management, an ATSG subsidiary, will deliver both aircraft to Amerijet International, taking the Miami-based airline to 11 ATSG aircraft on...
New UK cargo carrier One Air ready for lift-off
New British cargo carrier One Air is expecting "initial demand" for flights to Asia, Europe and the Middle East after being awarded an Air Operators’ Certificate by the UK Civil Aviation Authority (CAA). The certification was announced on April 24 after the Boeing...
Delta commits to curbing illegal wildlife trade
Delta Cargo is the latest major carrier to sign the Buckingham Palace Declaration against the illicit trading of animals and join the Wildlife Transport Taskforce. "Delta Cargo believes that global airlines play a significant role in disrupting the supply chain of...