Air Cargo World

United Airlines’ venture capital arm, United Airline Ventures, will invest up to $37.5 million into Houston-based energy group NEXT Renewable Fuels for its flagship biofuel refinery and sustainable aviation fuel development. The airline’s venture is just one of several initiatives as it moves away from the industry’s traditional offset strategy. “We believe, fundamentally, that we

Turkey is becoming a focal point for Alibaba’s global reach as the e-commerce giant plans to invest $1 billion in a logistics hub at Istanbul Airport and a data center outside Ankara in Temelli. “We have a serious investment plan at Istanbul Airport [IST]. We can evaluate e-export plans from here to Europe, the Middle

The fourth quarter 2022 saw a softer airfreight market, as November demand remained depressed compared with 2021 and 2019 levels. Industry cargo tonne-kilometers (CTKs) fell 13.7% compared with November 2021 and were 10.1% lower compared with November 2019, according to the latest traffic figures from the International Air Transport Association (IATA). Demand inched down 1.9%

Swissport has reached an agreement with union officials representing its ground handling staff at Chicago O’Hare International Airport on Jan. 11, securing its license to continue operations at the airport. The handler was at risk of losing its license without a Labor Peace Agreement (LPA) with Chicago-based Service Employees International Union (SEIU) Local 1 by

Following a system outage, the Federal Aviation Authority issued a ground stop for departing flights in the United States on Wednesday morning, causing a cascade of flight cancellations and delays throughout the day. The FAA’s Notice to Air Missions System (NOTAM) provides information to flight personnel about potentially adverse impacts on flights. The NOTAM system

An overlooked software flaw is opening up US aviation authorities to new scrutiny over the resiliency of the systems that keep the nation’s planes moving. Federal Aviation Administration officials were still working to determine what went wrong in an outage that prompted a nationwide flight halt, delaying more than 10,000 trips. The agency said late

Freight forwarder Flexport announced Wednesday it would lay off around 640 employees, or roughly 20% of its workforce, as it struggles with a slowdown in volume after 2022’s muted peak season. Flexport employees across the U.S., Canada, Europe and Asia Pacific will be laid off this week, though the San Francisco-based company did not specify

MSC Air Cargo is serving South Korea and China on its round-the-world freighter service that launched in early December 2022. The carrier connects Mexico City (MEX), Indianapolis (IND) and Liege (LGG) with Seoul (ICN) and Xiamen (XMN), according to a January schedule announcement. Twice-weekly routings read IND-LGG-ICN-XMN. From XMN, flights are routed Anchorage (ANC) to

Flat demand, improved capacity levels and softening rates are the air cargo market’s most dominant features in the early weeks of 2023. Demand has fallen 10% since the fourth quarter of 2022 compared with the same period in 2021, with major trade lanes out of Asia Pacific seeing the greatest year-over-year declines at 15%, Stanislas

Orlando-based National Air Cargo is in negotiations to charter the BelugaST from Airbus later this year as customer demand for oversized cargo capacity remains high. The carrier, which also doubles as a freight forwarder, has been interested in chartering the aircraft for some time, National Chief Growth Officer Alan White confirmed to Air Cargo World.