IATA: Air Freight Resumes Modest Growth Trend

The International Air Transport Association (IATA) released data for global air freight markets, showing a modest 1.6% rise in volumes in March compared to a year ago, measured in Freight Tonne Kilometers (FTK). The industry’s March performance stands in sharp contrast to the exceptionally strong 12.2% rise reported for February. February’s performance, however, was positively … [Read more…]

Boeing, SWISS Finalize Order for Three Additional 777-300ERs

The Lufthansa Group and Swiss International Air Lines (SWISS) have finalized an order for three additional 777-300ER (Extended Range) airplanes, valued at $990 million at current list prices. This order, previously attributed to an unidentified customer, follows SWISS’ 2013 order for six 777-300ERs, and will form the backbone of the Swiss flag-carrier’s long-haul fleet renewal. … [Read more…]