Panalpina has signed a new five-year agreement with Atlas Air under which it will switch one of the two 747-8 freighters wet leased — an arrangement where crew, maintenance and insurance are also provided — from the U.S. firm to scheduled charters.
10 Dec 2014
Five straight quarters of continued growth and a supply-demand balance has led to a turnaround in the air freight business this year, with more solid growth still to come, believes Atlas Air’s Michael Steen.
14 Nov 2014
The chaotic waterfront scenes jamming up U.S. gateway ports on the West Coast are proving a boon for the air charter business and with no end in sight to the congestion, forwarders are securing space on chartered freighters for urgent cargo.
08 Oct 2014
There is no significant loss of air cargo to ocean freight, said Atlas Air president and CCO Michael Steen, arguing against a widely held industry belief that shippers were shifting modes to save on transport costs.