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In April 2023, former Polar Air Cargo COO Lars Winkelbauer was arrested in Thailand and charged, along with 10 others, with defrauding the company of an estimated $52m. [5] In February 2025, Atlas Air and DHL announced that Polar Air Cargo would be dissolved, with the 4 747-8s and 2 777Fs in Polar’s fleet continuing to be operated by Atlas. [6]
Air India Cargo; Aryan Cargo Express; Crescent Air Cargo; Deccan 360; Elbee Airlines; Hinduja Cargo Services Indonesia. Megantara Air Iran. Fars Air Qeshm Japan. ANA & JP Express; Orange Cargo Kazakhstan. Almaty Aviation Malaysia. Transmile Air Services Philippines. Pacific East Asia Cargo Airlines Singapore. Jett8 Airlines Vietnam. Trai Thien ...
Air freight rates rose as a consequence, from $0.80 per kg for transatlantic cargoes to $2.50-4 per kg, enticing passenger airlines to operate cargo-only flights through the use of preighters, while cargo airlines bring back into service fuel-guzzling stored aircraft, helped by falling oil prices.
Polar Air Cargo Worldwide Announces Enhancement of Intra-Asia Schedule Also Increasing Trans-Pacific Connections to United States PURCHASE, N.Y.--(BUSINESS WIRE)-- Polar Air Cargo Worldwide, Inc ...
An Atlas Air Boeing 747-8F lines up on Runway 27 at Cincinnati/Northern Kentucky International Airport as one of the airline's 747-400Fs lands on Runway 18C. Atlas Air Worldwide Holdings owns Atlas Air, Polar Air Cargo, and Titan Aircraft Investments. The company headquarters are in Purchase, New York.
Singapore Airlines Cargo was the third airline to be the targeted for fuel surcharge price fixing. [8] In May 2010, Singapore Airlines was fined by the Fair Trade Commission of South Korea for conspiring to introduce fuel surcharges for cargoes or continuing to raise them over the past seven years. [9]
A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck , ship , train , aircraft ), the weight of the cargo, and the distance to the delivery destination.
In August 2024, the company took delivery of a third Boeing 777F and inaugurated new services between the US and Asia in partnership with US air cargo carrier Atlas Air (the US cargo company operates the plane on behalf of the French carrier). [7] The company also retired two of its three Airbus A330-200F towards the end of the second quarter.