Shanghai to End Lockdown
The lockdown in Shanghai had caused the supply chain to suffer terribly as activities such as manufacturing took a massive hit. However, the city has been showing signs of healing as the third consecutive day of ‘0 cases’ have allowed the government to end lockdown starting from June 1. Several highly accredited companies have shared their observation towards the negative outcome of this lockdown. Professionals at Kuehne+Nagel disclosed that a 15% of decline was recorded in China’s production output. Additionally, Accenture’s Seabury Consulting recorded a 66.4% downfall in the cargo capacity in first two weeks of April when compared to the same period of 2021.
The end of lockdown will bring the city back on track as it will allow the logistical links outside the city to connect to reconnect.
More Freighter Conversions
During the 2nd half of 2021, Cargojet had decided to convert 2 of their B777 002s into freighters by choosing Mammoth Freighters as the the company to design the conversion. After finding success in the first quarter of 2022, the airline decided to add the conversion of two more B777 002s along with four of their B777-300 aircraft to the fleet. Cargojet is expecting the delivery of all these conversions by 2025. Although it is not yet revealed as to which company will be converting the ‘additional two B777 002s’, it has been made clear that the conversion of B777-300s will be carried out by Israel Aerospace Industries (IAI).
Lufthansa’s Q1 Revenue
The first quarter performance by Lufthansa has been a record breaking one as the carrier benefits from higher freight rates along with additional capacity. In monetary terms, the airlines secured a whopping revenue of 1.2 billion dollars in their first quarter, which is 46% increase compared to the last year’s performance. These figures were recorded despite the supply of cargo load factor outstripping the demand by 7.2%. Although rising fuel costs held back the recovery of passenger airline business during the first three months of the year, the cargo sector was able to outperform the last year’s figures.
Let’s Stand Together: WEQARE
WeQare is a charitable initiative that was launched by Qatar Airways Cargo in July 2020, after the Covid-19 crisis. It is a series of concrete air cargo actions designed to create a positive impact on the industry and the world. The latest chapter of WeQare initiative - Let’s Stand Together, launched recently that aims at three aspects: education, sports and fun. Qatar Airways Cargo has opened 6 donation collection points for its employees, as well as a public collection point in Doha.
The donations will be sent in by Qatar Airways Cargo global offices to its hub in Doha where a the items will be sorted on May 17, after which the donations will be sent all over the world. In line with its commitment to sustainability, Qatar Airways Cargo will also offset the CO2 emissions of the donated items.
From Low to No Emission Flights
The UK government, on 20th of April, unveiled Zero Emission Flight (ZEF) Delivery Group - a group of aviation experts, from the industry & government, who will work together to make zero emission flight a reality. The group is formed based on a FlyZero project - a research led by Aerospace Technology Institute (ATI) aiming at the same goal. In order to move forward, the group will attract experts from the DfT and Department for Business, Energy and Industrial Strategy (BEIS) as well as the Civil Aviation Authority. It is an intricately linked chain wherein the ZEF Delivery Group’s role will provide advice to government and the Jet Zero Council (a cross-industry advisory forum) on how best to accelerate the adoption of zero-emission aircraft in commercial air transport for passenger and freight operations. The group is led by Rachel Gardner-Poole who is the chief operating officer for the Connected Places Catapult and has previous experience at the UK Civil Aviation Authority and the UK Space Agency.