A U.S. startup promising to revolutionize the air cargo industry by reducing the cost of flight operations by 65% has secured $10 million in seed funding.
While Canada’s largest airline ordered two 777Fs in August 2022 as it expanded its cargo business during and after the pandemic, the cargo market has cooled.
The Mexican government has decreed that freighter operations move out of Mexico City International Airport with the aim of reducing congestion at the hub.
Avflight, a fixed-base operator, announced the acquisition of the Nomads Building at Detroit Metropolitan Wayne County Airport (DTW) for airfield cargo operations.
The dismantling facility will be capable of handling six medium to large-sized aircraft annually; the freight facility will handle 5,000 pieces of cargo/hour.
A decline from the big numbers of the COVID-19 pandemic is attributable to geopolitical tensions and other disruptions to global trade and supply chains.
Israel Aerospace Industries VP Yaacov Berkovitz speaks to ShowNews at the Paris Air Show about the company's capacity-building and expansion ambitions.