Pack n Send Blog

More Upbeat News from the Freight Industry

ETHIOPIAN Airlines is adding to its fast-growing freighter fleet by dry leasing two 777Fs from GE Capital Aviation Services.

The 10-year lease agreement for the new aircraft will begin when they arrive from Boeing Manufacturing in Seattle (US), at Addis Ababa Bole International Airport (Ethiopia) in September and October 2012.

Ethiopian has also ordered five 777s, two of which have already arrived; a third is expected in June. The airline is still waiting for its 10 787s.

In March Ethiopian announced plans to double capacity at its Bole International Airport cargo hub. The airline is also gearing up for the opening of a new hub in Zambia. From 1 May the carrier began flights with cargo capacity to the Chinese city of Hangzhou.

Over the last five years the amount of cargo handled by Ethiopian Airlines has more than doubled from 42,000 tonnes to 110,000.

 CHINA Southern Airlines is giving Boeing's order book a boost with an agreement to buy six 777Fs.

The aircraft, to be delivered between 2013 and 2015, have a list price of US$1.58 billion with the purchase being funded by bank loans and China Southern’s operating fund.

The 777Fs will boost the airline’s cargo capacity, measured in available tonne kilometres, by 8.4 per cent.

China Southern is not a new customer for Boeing. Earlier in May the Chinese firm announced that its Xiamen Airlines subsidiary would buy six 787 Dreamliners costing $1.1 billion. The aircraft are due to be delivered between 2014 and 2015.

In November 2010 China Southern had agreed to buy 36 aircraft from Airbus for $3.78 billion. Rival Air China said in March this year it would buy five 747-8 passenger aircraft with a combined list price of $1.54 billion.

 Pack n send has reprinted these articles from Air Cargo News.  They show that the world wide economy is improving.

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