AIRPORT VOICE, MARCH 2019 17
Cargo Shorts
Atlas Air Holdings
Condolences to the recent
fatalities of three Atlas Air
employees during a tragic
crash. Our thoughts and
prayers for the families and
friends.
Atlas Air Worldwide
Holdings, Inc. is the parent
company of Atlas Air and
Polar Air Cargo, which together
operate the world’s
largest fleet of Boeing
freighter aircraft. AAWW is
principally involved in the
airport-to-airport air transportation
of heavy freight
cargo through its two operating
subsidiary airlines,
Atlas Air, Inc. and Polar Air
Cargo, IncAAWW, through
its principal subsidiaries Atlas
and Polar, offers scheduled
air cargo service, cargo
charters, military charters,
and ACMI aircraft leasing
in which customers receive
a dedicated aircraft, crew,
maintenance and insurance
on a long-term lease basis.
Air Serbia growth
Air Serbia Cargo recorded
its biggest ever annual uplift
in 2018 by transporting 6.200
tons of goods and postal packages.
At the same time, the
division’s revenues grew 7%
compared to 2017. According
to Air Serbia’s Cargo Director,
Veselin Djordjevi , the
two crucial destinations for
cargo transport within the
airline’s network are New
York and Moscow. “JFK Airport
is important due to long
haul capacity and the capability
of covering cargo transportation
across the Atlantic
to the United States, Canada,
and countries in South America,”
Cathay Pacific
healthy
Hong Kong flag carrier
Cathay Pacific said on
Wednesday it was expected
to have swung back to profit
in 2018, ending two successive
losses as it embarked on
a massive overhaul.
The recovery also came
in a year that saw it suffer an
embarrassing data breach
that dented its reputation
and could prove costly. The
airline said it expected to record
a consolidated profit of
around $293 million for 2018,
compared with $160 million
losses the year before, according
to a preliminary
profit alert.
The company’s share
price jumped more than
seven percent after the announcement
as investors
took comfort in the turnaround
after two grim years
for Asia’s largest carrier.
Virgin & Delta duet
Virgin Atlantic Cargo
and Delta Cargo celebrate
their fifth partnership anniversary
giving customers 74
daily flights serving 28 routes
between the U.K. and U.S.
which, in 2018, carried over a
quarter of total trans-Atlantic
air cargo volumes. as the
service benefits of greater
automation as their trans-
Atlantic joint venture partnership
celebrates through
it Deltscargo.com website.
2019 is shaping up to be another
exciting year building
on their successes of being
the most on-time partnership
to North America at London
Heathrow; moving into a new
state-of-the-art warehouse at
London Heathrow later in
the year; plus a focus on digitization
and ensuring transparency
throughout the shipment
journey.
Swissport up in
the air
Back in October 2018,
Cerberus Capital Management
was among parties
holding talks to acquire a
stake in Swissport Group
as the embattled Chinese
conglomerate HNA Group
Co. considered options for
the airport luggage handler.
Cerberus had recently
acquired ground handler
Worldwide Flight Services
and now is considering a
stake in Swissport said
people with knowledge of
the matter. As negotiations
possibly continue between
the two, Swissport recently
agreed to increase its joint
venture shareholding in
Heathrow Cargo Handling
Ltd. (HCH) to 100 percent
from 50 percent fully own
the cargo handling company,
as HNA concludes its
assessment of strategic options
for Swissport. Swissport
executive vice president
Europe, Middle East &
Africa, Luzius Wirth said:
“We are very satisfied that
we can strategically round
off our global cargo business
with this selective acquisition”.
HNA is selling off assets
after racking up one of China’s
biggest corporate debt
loads in global acquisitions.
Swissport had been slated
for an initial public offering,
though the conglomerate decided
to postpone the share
sale in April. To strengthen
up its balance sheet, HNA
has sold out of Hilton Worldwide
Holdings Inc. and the
Radisson hotel chains this
year and started disposing
its stake in NH Hotel Group
SA.
So the ownership future
of Swissport remains unclear
as it continues to invest
in other airport operations
while parent company
HNA deliberates offers from
suitors which are allegedly
vigorously in place at this
time.
Avianca cargo
Kurt Schosinsky Echeverria
has assumed duties
as general director for
Avianca Cargo, covering
cargo services on Avianca
Holdings airlines as well as
Tampa Cargo.
In his new role, Schosinsky
will be responsible for
maximizing cargo’s contribution
to Avianca’s global
network growth and air
cargo operations.Schosinsky
has a Masters in Business
Administration from
INCAE Business School in
Costa Rica, with a senior executive
program at IESE –
Navarra University in New
York.
/Deltscargo.com