Air Archives - The Loadstar

Seven-week strike at Boeing finally ends

Alex Lennane — Tue, 05 Nov 2024 13:41:37 +0000

The seven-week strike at Boeing, that has exacerbated its already challenging production schedules, has finally come to a close. While airlines will be relieved, not everyone is happy, reports AP. “We were threatened by a company that was crippled, dying, bleeding on the ground, and us as one of the biggest unions in the country couldn’t even extract two-thirds of our demands from them. This is humiliating,” said one worker.
Nevertheless, ...

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Aesop’s grape-hungry fox has a lesson for DHL’s dealmakers

Alessandro Pasetti — Tue, 05 Nov 2024 12:32:10 +0000

If you have followed our DeskOne live coverage of the conference call that followed the Q3 24 release of DHL Group’s results today, you may well be aware that headline group numbers were, as expected, broadly in line with preliminary figures released last week.
A couple of substantial add-ons…
… however follow, for your perusal: air freight performance in DHL Global Forwarding (GF) was disappointing in terms of gross profit (GP) per unit, ...

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Law firm urges shareholders to join probe into ATSG sale to Stonepeak

Alex Lennane — Tue, 05 Nov 2024 12:02:00 +0000

ATSG shareholders are being encouraged to join an investigation into whether the proposed sale of the group to investor Stonepeak is fair.
On the announcement of the deal yesterday, which would see shareholders receive $22.50 per share – a premium of about 29.3% on Friday’s closing share price, and a 45.5% premium on the volume-weighted average price – investor rights law firm Halper Sadeh urged shareholders to join it to investigate ...

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Cargo operations at Brazil’s Guarulhos Airport on brink of collapse

Ian Putzger Americas correspondent — Tue, 05 Nov 2024 11:36:13 +0000

Cargo operations at Latin America’s largest air cargo gateway, Sao Paulo’s Guarulhos Airport (GRU), are on the verge of a meltdown.
Airline groups are appealing to the federal government to impose emergency measures, including a five-day embargo for dry cargo, in a last-ditch effort to avert the collapse of cargo traffic at the airport.
Video footage of the airport shows warehouses overflowing with cargo and rows of pallets outside, some occupying aircraft ...

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Bernardo Nunes returns to Chapman Freeborn as new COO

Alexander Whiteman — Mon, 04 Nov 2024 17:27:19 +0000

Bernardo Nunes has returned to Chapman Freeborn as its chief operating officer.
Mr Nunes rejoins the broker from WorldACD where he spent nine months, first as an external advisor before going full-time as the data platform’s director of innovation until his departure.
CEO Eric Erbacher said: “This is an exciting time for Chapman Freeborn and I am confident that Bernardo’s leadership will help us reach new heights as we work towards our ...

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Qatar Airways Cargo appoints veteran Eric Wilson to head cargo sales

Alex Lennane — Mon, 04 Nov 2024 14:10:15 +0000

Eric Wilson has been appointed senior vice president sales for Qatar Airways Cargo, based in Doha.
Mr Wilson joins from Amerijet, where he was chief commercial officer for three years.
Qatar said that Mr Wilson will oversee all aspects of cargo sales, including customer relationship management, global accounts, market development, and “ensuring the highest standards of service for our customer base”.
Mr Wilson has a strong cargo pedigree. Prior to his role ...

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The big supply chain disruptor is the regulators, say shippers

Charlotte Goldstone — Mon, 04 Nov 2024 13:41:49 +0000

Shippers need their supply chain partners to collaborate in order to speed up processes and provide visibility, according to head of logistics at Early Health Group, Yulia Celetaria.
On the sidelines of Aviation connect in Istanbul last week, Ms Celetaria told The Loadstar: “I have a clinical trial that needs to be delivered from Switzerland to some remote area in Argentina, and sometimes we use five to six service providers.
“We work ...

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ATSG set to be acquired by Stonepeak

Alex Lennane — Mon, 04 Nov 2024 12:59:32 +0000

ATSG could follow in the footsteps of rival Atlas Air and delist, following news that it is to be acquired.
Reuters has reported that investor Stonepeak is in “advanced” talks to buy the airline and leasing group for some $3.1bn, including debt, or $22.50 per share.
ATSG is due to report third-quarter earnings on Friday, but its Q2 results saw a pre-tax loss of $7m after fewer aircraft leases. Stonepeak last year ...

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Enrico Farneti to take over from Daniela Coppola as MD Hellmann Italy

Gavin van Marle — Mon, 04 Nov 2024 12:55:02 +0000

Hellmann Worldwide Logistics has appointed Enrico Farneti (above) as its new managing director of Hellmann Italy, succeeding Daniela Coppola, who will leave the company at the end of the year, as planned.
The move follows last year’s acquisition of Hellmann Italy by the Germany-headquartered firm, which “enabled Hellmann to significantly strengthen its presence in the central Alpine region and expand its seafreight operations in the strategically important Mediterranean region, particularly through ...

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ATSG soars as takeover is confirmed

Alessandro Pasetti — Mon, 04 Nov 2024 11:31:09 +0000

The risk of writing what follows is that it will be out of date as soon as it’s published.
However, following reports that ATSG could be taken over by a New-York based investment firm, what follows is worth the pain of a… quick recap.
(PS: The deal was confirmed after this note was published; all main terms confirmed, the full release is here.)
If…
News agency Reuters is accurate – it so often is ...

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