South Korea’s first cargo only airline, Air Incheon, will begin services this year to smaller cities in China, where Samsung and Apple assemblers are increasingly locating their factories.
Air Incheon expects to receive its second leased aircraft – a 737-400 – in August which will be used on the China service.
Since its launch in March, Air Incheon currently transports mobile phones, garments and oil drilling equipment to Japan and Russia.

Qatar Airways Cargo has welcomed three new Airbus A330-200F freighters to its fleet of seven aircraft. The A330s replace three Airbus A300 freighters that the airline has phased out to make way for the state-of-the-art aircraft.

Qatar Airways CEO Akbar al-Baker said the arrival of the A330 freighters signalled a new era for the airline’s cargo operations.

“The capacity of Qatar Airways Cargo has been significantly increased with the introduction of the new Airbus A330 freighters to our worldwide cargo route network,” he said.

“The arrival of the A330-200Fs comes at a time when Qatar Airways Cargo is undergoing significant development and growth. The opening of our brand-new $1bn cargo facility at Hamad International Airport later this year will see Qatar Airways Cargo handle 1.4mn tonnes of cargo annually, more than tripling the capacity of the existing facility.”

Qatar Airways Cargo will deploy the A330-200Fs – among the most advanced freighters operating in the industry today – on routes such as Amsterdam, Amman, Cairo, Colombo and Chennai, complementing the operations of the fleet’s Boeing 777F aircraft.

Qatar Airways chief officer (cargo) Ulrich Ogiermann said the airline’s cargo expansion plans and innovation initiatives would position it as a leading freight provider in the Middle East and internationally.

Ogiermann said: “2013 has already been a highly successful year for Qatar Airways Cargo with the hosting of IATA’s World Cargo Symposium in March, the arrival of our new Airbus A330s and a growing route network.

“As we continue to grow our operations and expand our reach to new and underserved destinations worldwide, we look forward to continue providing a world-class freighter service to our customers, with a further commitment to offering only the very best five-star service,” he added.

The fleet of Qatar Airways Cargo will expand further next month with the arrival of the airline’s fifth Boeing 777 freighter. Qatar Airways Cargo has welcomed three new Airbus A330-200F freighters to its fleet of seven aircraft.

The A330s replace three Airbus A300 freighters that the airline has phased out to make way for the state-of-the-art aircraft.

Qatar Airways CEO Akbar al-Baker said the arrival of the A330 freighters signalled a new era for the airline’s cargo operations.

“The capacity of Qatar Airways Cargo has been significantly increased with the introduction of the new Airbus A330 freighters to our worldwide cargo route network,” he said.
“The arrival of the A330-200Fs comes at a time when Qatar Airways Cargo is undergoing significant development and growth. The opening of our brand-new $1bn cargo facility at Hamad International Airport later this year will see Qatar Airways Cargo handle 1.4mn tonnes of cargo annually, more than tripling the capacity of the existing facility.”

Qatar Airways Cargo will deploy the A330-200Fs – among the most advanced freighters operating in the industry today – on routes such as Amsterdam, Amman, Cairo, Colombo and Chennai, complementing the operations of the fleet’s Boeing 777F aircraft.

Qatar Airways chief officer (cargo) Ulrich Ogiermann said the airline’s cargo expansion plans and innovation initiatives would position it as a leading freight provider in the Middle East and internationally.

Ogiermann said “2013 has already been a highly successful year for Qatar Airways Cargo with the hosting of IATA’s World Cargo Symposium in March, the arrival of our new Airbus A330s and a growing route network.

“As we continue to grow our operations and expand our reach to new and underserved destinations worldwide, we look forward to continue providing a world-class freighter service to our customers, with a further commitment to offering only the very best five-star service,” he added.

The fleet of Qatar Airways Cargo will expand further next month with the arrival of the airline’s fifth Boeing 777 freighter.

New European cargo airline Aerospace One will offer wide-body freighters for charter or ACMI lease. The fleet, which is already in operation, will use 747-200s and new 747-400 jumbo jets. It will operate from a home base at Châteauroux, France.

Jaideep Mirchandani is the founder. He states that Aerospace One will target charter businesses worldwide specializing in the freighter transport of heavy loads.

“We aim to provide cargo bridges between continents,” Mirchandani said. “We will serve a particular niche in this market. Our companies have been operating successfully for nearly a decade in the field of transportation of heavy loads and ACMI lease. The accumulated experience coupled with the experienced team of professionals that surrounds the new company, forms the platform for further development of the group’s activities and will prepare the ground for the inclusion of additional cargo aircrafts in the fleet.”

As Sole Bookrunner, BNP Paribas has successfully closed a US$155.55 million Ex-Im Prefunded Bond for Cargolux. The transaction also featured a 12-year stretched overall amortisation repayment (SOAR) loan arranged by Crédit Agricole-CIB.

The bond was oversubscribed that allowed Cargolux to achieve a competitive coupon of 1.736% (Mid-Swap+49bp) through the vehicle VCH Lease.

It is the first Prefunded US Ex-Im Bank guaranteed bond for Cargolux and the very first time an Ex-Im Bond is combined with a non-US issuer SPV and a SOAR Loan.

Cargolux, based in Luxembourg, is Europe’s leading all-cargo airline with a modern and efficient fleet composed of 8 Boeing 747-8 freighters and 11 Boeing 747-400 freighters.

UPS has added winglets to its Boeing 767 fleet in a bid to save fuel and reduce emissions.
These wingtip devices, which are arrow-shaped surfaces attached to the tip of each wing, enhance the overall efficiency of the aircraft, saving fuel by reducing drag while also lowering noise emissions by improving take-off performance. The modifications will save UPS more than six million gallons of fuel each year and reduce carbon dioxide emissions by more than 62,000 metric tonnes. UPS estimates approximately a four percent fuel savings on each 767 flight.
“UPS continues to lead the industry in sustainable business practices,” said David Abney, UPS chief operating officer. “With the widest portfolio of services in the industry, we are constantly looking for ways to reduce emissions, and drive down operating costs so our customers have the solutions they need to compete in a global economy. These winglets are a perfect example of sustainability in action. They are good business and good stewardship.”
UPS currently operates 54 of the 767 aircraft with five on order. The company plans to have winglets on all 767 aircraft by the end of 2014. Winglets are already installed on UPS’s 747, and MD-11 fleets, and the A300-600 has a similar device called a wingtip fence.

Some 3.9% of the $88.4 billion of freight moved in February 2013 between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, was transported by air, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. The surface transportation modes of truck, rail and pipeline carried 82.1 percent of the total NAFTA freight flows.
BTS reported that air freight flows with Canada was 4.4%, while between the US and Mexico 2.8% of freight was transported by.

FedEx Express has entered into a new seven-year transportation agreement with the United States Postal Service (USPS) under which FedEx Express will provide domestic air transportation services to the USPS for Priority and Express Mail.

The agreement is expected to generate approximately $10.5 billion in revenue for FedEx Express over its term, which begins on October 1, 2013, and ends on September 30, 2020. The agreement begins at the expiration of the existing seven-year transportation agreement dated July 31, 2006, between FedEx Express and the USPS. A copy of the new agreement will be filed as an exhibit to FedEx’s annual report on Form 10-K for the fiscal year ending May 31, 2013.

On April 14 Southwest Airlines began shipping cargo on AirTran Airways under the Southwest Airlines Cargo brand. The airlines successfully completed connectivity of the two networks earlier this year, opening up more destination options and reaching more potential Customers.
In addition to broadening the overall cargo network across the two airlines, Southwest introduced four new cargo destinations to their route map: Charlotte, N.C. (CLT); Rochester, N.Y. (ROC); Richmond, Va. (RIC). Beginning May 1, Southwest Airlines Cargo will serve San Juan, Puerto Rico (SJU). Connectivity of the carriers’ networks means hundreds of new flights and 68 new nonstop markets for Cargo Customers to experience the reliable service and hardworking Employees that Southwest Airlines Cargo has to offer.
“Connecting the Southwest and AirTran Networks opens up a number of opportunities for our cargo service to grow, offering new flights and significant increased capacity for our Cargo Customers,” said Matt Buckley , Southwest Airlines Vice President Cargo & Charters. “It’s a testament to the success of the AirTran acquisition, and we’re excited to offer expanded service to our existing Customers and introduce our product to new ones!”
Now, Southwest Airlines Cargo not only can connect through Southwest-to-AirTran flights, but also through AirTran-only or AirTran-to-AirTran flights. Our Cargo Customers in Atlanta (ATL) will see a significant amount of new service, with 90 additional flights available for Cargo, including 22 new nonstop destinations. Many other markets will receive new service, as well.

A J Walter Aviation (AJW) is to provide full ATA Chapter power-by-the-hour support for low cost cargo operator Air Incheon’s growing fleet of Boeing aircraft. The contract will commence with Air Incheon’s in-service B737-400F and expand to include a second aircraft this summer. AJW is also locating a main base kit consignment at Incheon International Airport in Seoul.
Air Incheon operates routes throughout China, Japan, Russia, Mongolia and South Korea and aims to expand its fleet to four aircraft by mid-2015. This power-by-the-hour contract will be fully supported by AJW’s Singapore hub which holds significant Boeing inventory for AJW customers in the region.
“AJW is seeing demand for its flexible PBH contracts growing across Asia and this is the second PBH contract to be awarded in South Korea. We are also working with Eastar Jet out of Gimpo Airport” says Sam King, General Manager of A J Walter Aviation Singapore. “We are delighted to be supporting Air Incheon in its plans to rapidly develop a low cost cargo route network and we will do everything we can to help the airline meet its objectives”.

JAL has requested its cargo fuel surcharges to be revised. The airline currently pays an international cargo fuel surcharge of 122 yen per kg on long-haul international routes, 99 yen per kg on medium-haul international routes, and 78 yen on short-haul routes when adjusted to be based on the one-month average fuel price of Singapore kerosene.