AIR CARGO, AN ATTRACTIVE SECTOR

Due to effects of Covid-19, there has been a huge shift in the aviation industry from traveler’s market to cargo's market. As a result of this, newer airlines have emerged to have a slice of the action. In last week, the news of three such airlines came from Italy, UK & Vietnam:

Italy
The new carrier with their first B777-200ER in preighter configuration will be serving the Asia Pacific and North American region. The airlines is excited to step into air cargo space as they have witnessed high needs for urgent shipments of medical supplies & constant expansion of e-commerce in past 2 years. The airlines is headed by Francesco Rebaudo & Ulrich Ogiermann.

United Kingdom
Starting with their operations locally, ZFG is planning to branch out from Newcastle International to Hong Kong via Dubai twice per week. Similar to Aliscargo, this UK based carrier is also configured as a preighter and has an ambition to operate three Airbus A330-200 wide-body aircrafts.

Vietnam
Johnathan Hanh Nguyen, a multi-billionaire businessman from Vietnam, believes that their local market is ruled by the foreign airlines. By sinking $100m into the idea, his new airlines - IPP Air Cargo Airline will plan to operate five cargo aircraft this year, increasing to seven aircraft in the second year and 10 aircraft in the third year. The company will also establish five logistics warehouses throughout Vietnam for air cargo import and export operations.

Summary by Tejaswi Khanna & Sonalika Nigam