AIT Worldwide fills its war chest 
Less than three months after taking over Fiege's IFF activities, AIT Worldwide Logistics has concluded its partnership with private equity group Quad-C Management. While Quad-C sold its full stake, the New York City-based middle-market financial firm The Jordan Company (TJC)... more
General cargo's global growth potential
According to air cargo analyst WorldACD, February showed a worldwide year-on-year (YoY) weight increase of 1.1%, accompanied by a yield/rate increase in USD of 84%. After a strong volume drop in the middle of the month, the end of the month showed a strong recovery. In all... more
Investors for a blockchain BL model
Wave BL, a developer of blockchain networks to support paperless trade in the shipping industry, saw a joint investment in a Series B Financing round of carrier ZIM and Marius Nacht, an Israeli serial entrepreneur and investor. The two investors co-lead a round of approximately... more
A year of "preighters" and better DG handling
Emirates Skycargo, which since the introduction of cargo-only flights on passenger aircraft exactly one year ago, has operated more than 27,800 of such flights, transporting around 100,000 t of essential supplies including pharma and food, has signed an MoU with Dubai Civil... more
Vaccines from China to Bahrain
Gulf Air has operated a cargo-only flight, delivering 300,000 Sinopharm Covid-19 vaccines from China in support of the national vaccination campaign undertaken by the Middle Eastern kingdom. Since the onset of the pandemic, Bahrain's national carrier has supported the import... more
Joint efforts to strengthen Mexican maindeck capacity
ACC Aviation, a global aviation consultancy headquartered in the UK, has transacted a B737-400 from Lithuania's Getjet Airlines to Frontera Flight Holdings, USA. The 1991-built aircraft will be reconfigured from 168-seat passenger fit to dedicated freighter for onward lease... more
How Agility weathered 2020
Kuwait-headquartered logistics group Agility has reported its results for 2020. While revenues for the year went up by 2.7% and reached KWD 1.6 billion (USD 5.3 billion), net profit declined by a significant 52.1% to KWD 41.6 million (USD 137.7 million). Ebitda, in turn, lost... more
Supporting the export of products "made in Qatar"
Qatar Airways Cargo and Qatar Development Bank have joined hands to support local manufacturers in Qatar. The cargo carrier is offering discounted rates to local Qatari manufacturers who are current QDB clients and hold a certificate of origin for their products, to export to... more
Formula I renews logistics contract
Shortly before the start of the new FIA Formula 1 World Championship, the Formula 1 organisation has renewed its contract with DHL. DHL, which has been on board since 2004, will thus remain Formula 1's official logistics partner for the next few years and continue to transport... more
Serving Unicef Emergency Fund globally
Turkish Cargo is supporting the battle against the pandemic by carrying Unicef Emergency Fund's Covid-19 vaccines and health equipment all around the world. The carrier just recently delivered 1.7 million doses of vaccines from India to Kinshasa, in cooperation with global... more