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Cargo Newswire

CargoLogicAir set to restart services with two B747Fs

April 25, 2020
in Airlines
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In a short statement, the UK’s Civil Aviation Authority said that the airline would provide flights carrying medical supplies using two Boeing 747 freighters.

At its own request, the airline had its AOC suspended back in late February in response to the weak market outlook.

However, since then, air cargo prices have increased rapidly with spot market rates as high $14-$16 per kg out of China as governments try to secure capacity to move medical equipment.

Overall cargo capacity is estimated to be down by around 31% as a result of passenger airlines culling operations and removing swathes of belly capacity from the market.

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The airline has been active for around four years; at one point its fleet consisted of four B747 freighters – three -400s and one -8F – and it employed around 200 people.

However, as the market began to enter a slump towards the end of 2018, CLA’s fortunes began to wane.

Towards the end of last year, the cracks began to show and the carrier announced measures to meet the challenging market conditions.

In October, it was revealed that CLA, along with partner AirBridgeCargo, would cancel a series of scheduled services.

Then in late February it announced it would end services, stating: “Due to the latest market development, specifically the drastic decrease of the market demand, CLA finds it extremely difficult to continue its commercial operations.”

It added: “Most importantly, CLA operations have been severely affected as it had placed a significant portion of its commercial activities in the Chinese market. As a result, a decision was made to suspend the flights.”

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Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

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