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With new decree, LATAM Airlines Brazil officially passes to Chilean hands

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51 percent, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions. In December, Brazil’s then-President Michel Temer signed an […]

AirBridgeCargo signs up for special services

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 Russian freighter operator AirBridgeCargo Airlines has signed a leasing agreement with Lufthansa Group’s ULD management arm Jettainer for the short-term provision of units for special cargoes. It will give AirBridgeCargo access to the Jettainer fleet including horse stalls, car racks, and other pallets or containers. Jettainer has developed a JettLease product that […]

Cargo contributes to Cathay turnaround

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 Cathay Pacific Airways says that it expects a consolidated profit of about HK$2.3 billion for the year ending 31 December 2018, compared to a of HK$1,259 million in 2017. It partly attributed the turnaround to a strong cargo business with increased capacity, yield and load factors increased. The company’s transformation program also […]

Pilots union rains on Atlas Air’s parade

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 The Teamsters Union, which represents Atlas Air and Southern Air pilots who fly for DHL and Amazon Air, is warning investors not to believe the positive spin put out by the parent company in its latest financial results. In an open letter to investors, it says that many pilots are leaving the […]

Nordic American Tankers Shrinks Quarterly Loss

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 20, 2019 Bermuda-based tanker shipping company Nordic American Tankers (NAT) wrapped up the fourth quarter of this year with a net loss of USD 10.5 million. This was a substantial improvement from a loss of USD 151.4 million posted in the corresponding period a year earlier and a loss of USD 38 million seen […]

Euronav Disposes of Its Only LR1 Tanker

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 20, 2019 Belgium’s tanker shipping company Euronav NV has decided to sell Genmar Compatriot, a 2004-built LR1 tanker. The 72,768 dwt vessel has been sold for USD 6.75 million to an undisclosed buyer. As informed, the vessel will be delivered to its new owners in the course of April 2019. Euronav expects to record a capital gain […]

d’Amico Joint Venture Sells MR Product Tanker

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 20 2019 Tanker owner d’Amico International Shipping has revealed the sale of a 2009-built MR product tanker by its joint venture DM Shipping. The joint venture company between Mitsubishi Group (40 pct) and d’Amico Tankers (51 pct), signed a memorandum of agreement for the sale of the 46,800 dwt MT High Strength for a […]

Danaos Delivers Major Loss due to Impairments

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 20, 2019 Greek containership owner Danaos Corporation ended the fourth quarter of 2018 with a major loss due to recorded impairment charges. The company’s net loss for the quarter ended December 31, 2018 reached USD 180.9 million, compared to a net income of USD 22.8 million seen a year before. Danaos recognized an impairment […]

Emirates to add Porto flights in July

Posted By Tony Sanchez / Airlines / 0 Comments

February 19, 2019 Emirates is launch a four times weekly service between Portugal’s second largest city, Porto, and Dubai from 2 July. The flight will be operated by a Boeing 777-300ER aircraft, departing Dubai on Tuesday, Thursday, Saturday and Sunday at 0915 and arriving in Porto at 1430. The return flight will depart Porto at […]

Boeing is latest addition to the Lufthansa family

Posted By Tony Sanchez / Airlines / 0 Comments

February 19, 2019 A brand-new Boeing 777F joined the Lufthansa Cargo fleet on the morning of 19 February when it landed at Frankfurt Airport on its delivery flight from the US. The latest addition to the fleet is the carrier’s sixth Boeing 777F. Chief operations officer, Harald Gloy, declared: “This aircraft is the quietest and […]