THE COMPLETE RESOUrcE FOR THE CARGO INDUStrY CARGO AIRPORTS | AIRLINES | FREIGHT FORWARDERS | SHIPPERS | TECHNOLOGY | BUSINESS Volume 10 | Issue 3 | December 2019 | ì250 / $8 US A Profiles Media Network Publication www.cargonewswire.com Emirates Airlines Lufthansa order 50 A350 XWB Cargo at Dubai Airshow 2019 powers up digitalization Edmonton International Etihad becomes world’s first Cargo drone delivery site partners with Cargo.one IATA to improve efficiency of Cargo Handling Audits CARGONEWSWIRE.COM world’s leading air cargo publication Engage with the website and its social media platform through Display Ads, web banners, job posts, carousels, jobs, native stories, micro-sites... For advertising queries please contact: [email protected] cargonewswire1 cargonewswire1 cargonewswire1 cargonewswire1 | BUSINESS T H E C O M P L E T E R E S O U R C E F O R T H E C A R G| OSHIPPERS I N D US | T TECHNOLOGY R Y | FREIGHT FORWARDERS CARGO AIRPORTS | AIRLINES ì250 / $8 US Volume 10 | Issue 3 | December 2019 | A Profiles Media Network Publication www.cargonewswire.com Emirates Airlines Lufthansa Cargo order 50 A350 XWB powers up at Dubai Airshow 2019 digitalization Edmonton International Etihad becomes world’s first Cargo drone delivery site partners with Cargo.one IATA to improve efficiency of Cargo Handling Audits Titan Aviation and Bain Capital unveil $1bn freighter project Volume 10 | Issue 3 | December 2019 Aircraft lessor Titan Aviation and Bain Capital Credit will form a joint venture DEVENDER GROVER to develop a diversified freighter aircraft Editor in Chief & Publisher leasing portfolio with an anticipated GAURA G BAHL value of approximately $1bn. Group Editor Under the joint venture, Bain and Titan have committed to JASMINE GROVER provide $360m and $40m of equity Associate Editor capital, respectively, which may JYOTSNA MALIK be supplemented with additional International Sales Director commitments over time, to acquire aircraft over the next several years. RASIKA MATHUR Atlas Air Worldwide-owned Titan Events Coordinator will also provide aircraft- and lease- management services to the venture. admired Atlas and Titan as a best-in- RAJESH MAURYA Head of Finance The long-term joint venture aims to class industry leader and are excited capitalise on demand for cargo aircraft, to join forces for a constructive and JITESH GANDHI underpinned by robust e-commerce lasting partnership. Creative Director and express market growth. “We look forward to supporting Since its inception in 2009, Titan the company’s next phase of growth has grown to become the third largest as it continues to leverage its deep Address changes and subscription freighter lessor globally by fleet value relationships within the global airfreight order to [email protected] with over 30 aircraft and book value of community.” over $1.5bn. The Titan fleet includes B777-200F, PUBLISHED MONTHLY BY’ “We are delighted to team up with B767-300F, B757-200F, B737-800F Profiles Media Network Pvt Ltd. Bain,” said Titan president and chief and B737-300F aircraft. Its customers BA-306, Tagore Garden executive Michael Steen. “Both Bain include e-commerce giant Amazon. New Delhi 110027, India and Titan share the same vision and BNP Paribas acted as exclusive Tel - +91 (124) 4000704 investment strategy. Together, we are financial advisor and placement agent Mob- +91 98107 15900 extremely well-positioned for further to Titan in the transaction, and Pillsbury Website : www.cargonewswire.com opportunities in the growing freighter Winthrop Shaw Pittman LLP acted as space.” its legal advisor. Kirkland & Ellis LLP Matt Evans, a director at Bain acted as Bain’s legal advisor in the PRINTED BY Capital Credit, added: “We have long transaction. STUDIO 9 PRODUCTIONS 502, Jeevan Tara Apartments Sector 43, GH 7, Gurugram DEVENDER GROVER We are on 122009, India Volume 10, Issue 3, December 2019 RNI No. DEL/ENG/2011/38982. Cargo Newswire is Printed Published Edited and Owned by Devender Grover. Printed at G S Graphic Arts. A-18, Naraina Industrial Area,New Delhi - 110028. Editor: Devender Grover. All Rights Reserved. Reproduction in whole or part without written permission is strictly prohibited. All information is correct at the time of going to press but subject to change. 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CARGO NEWSWIRE / DECEMBER 2019 www.cargonewswire.com 3 06 A SSOCIATION: IATA to improve efficiency of Cargo Handling Audits The Smart Facility Operational Capacity (SFOC) programme aims to reduce audit complexity and duplication for cargo handling facilities. 12 AIRLINES: Atlas Air Worldwide reports third quarter earnings AAWW) recently announced third-quarter 2019 income from continuing operations, net of taxes, of $60.0 million, or $2.32 per diluted share, compared with reported income of $71.1 million, or $0.84 per diluted share, in the third quarter of 2018.O 18 AIRLINES: SAS cargo group to launch full digital air cargo capability with Web Cargo SAS Cargo has announced partnering with WebCargo , a Freightos Group Company, to provide freight forwarders a 21st century Digital Air Cargo (DAC) experience with fully digital live rates and capacity and eBooking. 22 AIRLINES: Qatar Airways cargo announces massive expansion in South America in 2020 with four new destinations Campinas, Brazil; Santiago, Chile; Lima, Peru and Bogotá, Colombia will join the carrier’s global network... The cargo carrier is not only growing its network but also its fleet. 23 AIRLINES: Emirates Airlines order 50 A350 XWB at Dubai Airshow 2019 Complementing our A380s and 777s, the A350s will give us added operational flexibility in terms of capacity, range and deployment. In effect, we are strengthening our business model to provide efficient and comfortable air transport services to, and through, our Dubai hub. 4 CARGO NEWSWIRE / DECEMBER 2019 www.cargonewswire.com 29 AIRLINES: A record breaking start for Virgin Atlantic Cargo’s New A350-1000s The airline has so far taken delivery of three A350-1000s as part of Virgin Atlantic’s $4.4 billion order for 12 A350s. A fourth aircraft will join the fleet in December followed by phased deliveries of the rest in 2020-21. On its launch trans-Atlantic route between London Heathrow and New York JFK, the A350 has increased average cargo capacity to 27 tonnes on every flight – although it has already significantly exceeded this figure with a record load of 36,710kgs, which was then surpassed a few days later by a payload of 41,166kgs. 33 AIRLINES: Turkish Cargo expands the Pharma Corridor in its wide flight network The successful brand has created a pharma corridor between over 400 stations by carrying pharmaceuticals in important and certified destinations such as Mumbai, Brussels, Istanbul, Singapore, Dubai, Basel, London, and Amsterdam... 43 AIRLINES: China Air Cargo enters Mumbai market with the launch of freighter service The airline is set to begin its Mumbai freighter service for active and passive pharma from Mumbai International Airport Limited (MIAL) from November 16 (subject to all government approvals) westbound and November 17 eastbound. 56 AIRLINES: Etihad Cargo partners with Cargo.one Finalised on the side lines of Cargo Connect, an industry forum co-located with Dubai Airshow, the agreement confirms Etihad Cargo as the latest international carrier to partner with cargo. one. A key driver in its commitment to provide customers with a best-in-class booking experience, the cargo CARGO NEWSWIRE / DECEMBER 2019 www.cargonewswire.com 5 ASSOCIATION IATA to Improve Efficiency of Cargo Handling Audits expertise to general cargo handling operations,” said Mr. Glyn Hughes, IATA’s Global Head of Cargo. SFOC Programme Launch Partners Singapore will be the initial focal point for this important new initiative. SATS Ltd and Singapore Airlines are the first organisations to join the Smart Facility Operational Capacity (SFOC) programme. SATS is the first Cargo Handling Facility to receive the new SFOC Audit Certification and Singapore Airlines is the first airline to join the programme by signing the ARC. “The SFOC certification, which we have worked closely with IATA to he International Air Transport the industry by 50% through removing refine, allows us to sharpen the focus Association (IATA) has launched the need to validate generic cargo of our own audits of our handling Ta new programme to raise global operation procedures. agents - zooming in on SIA--specific standards in cargo handling operations. Committed Audit Reduction: The procedures, and enabling even greater The Smart Facility Operational Audit Reduction Commitment (ARC) emphasis on safety and security. The Capacity (SFOC) programme aims to is an industry pledge to reduce audits. combination of both the SFOC audits reduce audit complexity and duplication Airlines participating in the SFOC and our own audits serves to provide a for cargo handling facilities. program will undertake a gap analysis comprehensive picture of our service to determine which audit standards partners’ capabilities