JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News
Letter for Tuesday May 05,
2026
Today’s
Exchange Rates
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/// Sea Cargo News ///
Iran warns US over Hormuz as ship seizures
and crew evacuation highlight rising maritime tensions
Tensions
between the United States and Iran are escalating in the Strait
of Hormuz, as military warnings, ship seizures and crew evacuations
underscore growing risks to global shipping.
Iran warns
US against entering Hormuz - Iran’s
military has warned US forces not to enter the Strait of Hormuz after Donald
Trump said Washington would help vessels stranded in the Gulf amid the ongoing
conflict.
Trump said
the US would assist ships that have been “locked up” in the waterway for more
than 2 months, promising to guide them safely through restricted areas.
Truth
Details
@realDonaldTrump
Countries
from all over the World, almost all of which are not involved in the Middle
Eastern dispute going on so visibly, and violently, for all to see, have asked
the United States if we could help free up their Ships, which are locked up in
the Strait of Hormuz, on something which they have absolutely nothing to do
with — They are merely neutral and innocent bystanders! For the good of Iran,
the Middle East, and the United States, we have told these Countries that we
will guide their Ships safely out of these restricted Waterways, so that they
can freely and ably get on with their business. Again, these are Ships from
areas of the World that are not in any way involved with that which is
currently taking place in the Middle East. I have told my Representatives to
inform them that we will use best efforts to get their Ships and Crews safely
out of the Strait. In all cases, they said they will not be returning until the
area becomes safe for navigation, and everything else. This process, Project
Freedom, will begin Monday morning, Middle East time. I am fully aware that my
Representatives are having very positive discussions with the Country of Iran,
and that these discussions could lead to something very positive for all. The
Ship movement is merely meant to free up people, companies, and Countries that
have done absolutely nothing wrong — They are victims of circumstance. This is
a Humanitarian gesture on behalf of the United States, Middle Eastern Countries
but, in particular, the Country of Iran. Many of these Ships are running low on
food, and everything else necessary for largescale crews to stay on board in a
healthy and sanitary manner. I think it would go a long way in showing Goodwill
on behalf of all of those who have been fighting so strenuously over the last
number of months. If, in any way, this Humanitarian process is interfered with,
that interference will, unfortunately, have to be dealt with forcefully. Thank
you for your attention to this matter!
DONALD J.
TRUMP
PRESIDENT OF THE UNITED STATES OF AMERICA
================== ******
==================
In response,
Iran said any foreign military presence in the Strait of Hormuz would face a
“harsh response” adding that all vessel movements must be coordinated with its
armed forces.
Military
buildup raises stakes for global trade – The United
States Central Command (CENTCOM) said it would support operations with around
15,000 personnel, more than 100 aircraft, and naval assets including warships
and drones.
CENTCOM
Commander Brad Cooper said the mission is critical to maintaining regional
security and protecting global trade flows.
The
situation has already disrupted maritime traffic. According to the
International Maritime Organisation, hundreds of vessels and up to 20,000
seafarers have been affected by restrictions in the Strait.
Meanwhile,
the UK Maritime Trade Operations reported a tanker was struck by unknown
projectiles near the UAE coast, highlighting ongoing safety risks.
Crew
evacuated from seized Iranian vessel – Amid the escalating confrontation, the
United States has evacuated 22 crew members from an Iranian flagged
container vessel seized last month, in a move described by Pakistan as a “confidence
building measure”.
According to
Reuters, the vessel Touska, operated by Islamic Republic of Iran Shipping
Lines, was intercepted near Iran’s Chabahar port in the Gulf of Oman after
allegedly violating the US naval blockade.
US officials
said the cred failed to comply with repeated warnings, while Iran condemned the
seizure as unlawful and demanded the vessel’s immediate release.
Pakistan’s
foreign ministry said the crew would be handed over to Iranian authorities and
the vessel would be moved to Pakistani waters for repairs before being
returned.
The incident
reflects a broader pattern of tit-for-tat maritime actions, with both sides
targeting commercial shipping since the conflict began earlier this year.
Energy
markets and supply chains under pressure – The
Strait of Hormuz remains one of the world’s most critical energy chokepoints,
handling roughly 20% of global oil and gas flows. Disruptions have already
pushed oil prices above $100 per barrel in recent days.
Iran’s
restrictions on shipping, combined with the US blockage of Iranian ports, have
created a highly volatile environment for global supply chains and tanker
operations.
Diplomatic
deadlock persists – Efforts to ease tensions have so far
failed. Iranian officials say negotiations are currently focused on ending the
conflict, while Washington continues to insist on strict limits to Iran’s
nuclear program.
According to
Iranian state media, Tehran is reviewing a US response to its latest proposal,
reportedly delivered via Pakistan, but no breakthrough has been announced.
A critical
flashpoint for global shipping – With
military activity increasing and commercial vessels caught in the middle, the
Strait of Hormuz remains a key flashpoint for the maritime industry.
The
combination of naval confrontation, disrupted trade routes and vessel seizures
is raising concerns across the shipping sector, as operators navigate one of
the most volatile periods for global trade in recent years.
Egypt Emerges as Key Transit Hub for
Europe–Gulf Freight Routes
Egypt is gaining prominence as a strategic transit hub for freight moving between Europe and the Gulf, as shippers seek faster and more flexible alternatives amid evolving regional trade dynamics.
Its
geographic position linking the Mediterranean Sea, Red Sea, and key overland
corridors has made Egypt increasingly attractive for multimodal cargo flows
connecting European markets with Gulf destinations. Ports, logistics zones, and
inland transport networks are playing a growing role in facilitating these
movements.
Industry
observers say rising demand for diversified supply chains and reduced transit
risk has encouraged greater use of Egyptian gateways for containerized cargo,
automotive shipments, perishables, and project freight. The country’s expanding
warehousing and distribution capabilities are also supporting value-added
logistics services.
The trend
underscores Egypt’s broader ambition to strengthen its status as a regional
logistics powerhouse. Continued infrastructure investment, customs
modernization and stronger trade connectivity could further boost its role in
Europe-Gulf freight corridors in the coming years.
Nepali Tea Exporters
Face Pressure as India Tightens Import Rules
Nepal’s tea
export sector is facing fresh uncertainty after India introduced stricter
import regulations, raising concerns among producers and traders who rely
heavily on the Indian market.
The revised
measures are expected to impact shipment clearances, increase compliance costs,
and slow cross-border trade flows. India remains one of the key destinations
and transit routes for Nepali tea, particularly orthodox varieties exported to
third-country markets.
Industry
stakeholders in Nepal warn that tougher documentation requirements and enhanced
quality checks could disrupt deliveries during the peak trading season.
Exporters have urged both governments to engage in dialogue and streamline
procedures to prevent unnecessary delays. Many producers fear
Prolonged
restrictions could hurt small growers, weaken competitiveness and reduce
foreign exchange earnings for Nepal’s tea industry.
Trade
observers say the move reflects India’s broader push to strengthen import
oversight and safeguard domestic interests. However, they caution that
prolonged friction could strain long-standing regional trade ties and affect
supply chain stability across South Asia.
SCI May Deploy Vessels
to West Asia to Support Exporters
Shipping
Corporation of India may deploy additional vessels on West Asia routes as
Indian exporters face rising freight challenges and capacity constraints amid
ongoing regional disruptions.
The move is
aimed at ensuring smoother cargo movement and maintaining trade continuity with
key markets in the Gulf region. Industry sources indicate the proposed service
could provide relief to exporters dealing with delayed sailings, higher
shipping costs, and limited space availability on commercial liner services.
Sectors such
as engineering goods, chemicals, textiles, food products, and perishables are
expected to benefit from more reliable transport options.
West Asia
remains a crucial destination for Indian exports and a major corridor for
energy imports and re-export trade. Additional sailings by SCI could help
stabilize logistics networks, reduce supply chain bottlenecks and improve
schedule certainty for cargo owners.
Trade bodies
have welcomed the possibility of government backed shipping support, noting
that dependable maritime connectivity is essential during periods of market
volatility. Further details on vessel deployment, schedules and port rotations
are expected once operational plans are finalized.
UAE to withdraw from OPEC and OPEC+
effective May 1
The United
Arab Emirates (UAE) officially announced on Tuesday April 28, 2026 that it will
withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and
the wider OPEC+ alliance, with the decision set to take effect on May 01, 2026.
In a
statement carried by the state news agency WAM, the UAE described the move as a
strategic evolution aimed at aligning with its long-term economic vision and
increasing production flexibility.
A Strategic
Policy Shift – According to WAM, the decision follows a
“comprehensive review” of the nation’s energy production policies and future
capacity. The UAE Ministry of Energy and Infrastructure emphasized that the
exit will allow the country greater autonomy to:
· Increase Production Flexibility : Respond more effectively and independently to
global market demand.
· Accelerate Domestic Investment : Expand investments
across the entire energy value chain, including the growth of the Abu Dhabi
National Oil Company (ADNOC).
· Adapt to Market Dynamics : Strengthen its position as a
reliable global supplier, particularly in light of current geopolitical
volatility and shipping disruptions in the region.
Commitment
to Global Stability – While the UAE is ending its nearly 60-year
membership in the oil producing bloc, the WAM report stressed that the country
remains committed to its role as a responsible energy provider. The Ministry
noted that the decision is “policy-driven” and intended to ensure the UAE can
continue to support global energy security through investments in oil, gas and
lower-carbon technologies.
The UAE
first joined OPEC in 1967 via the Emirates of Abu Dhabi and has been a central
member of the organization since the formation of the federation in 1971.
Officials reaffirmed their appreciation for the decades of cooperation within
OPEC and OPEC+, wishing the alliances continued success in their efforts to
stabilize the global oil market.
HJSC secures additional order for two
10,100 TEU container ships
HJ Shipping & Construction (HJSC) has secured a new order for two 10,100 TEU container vessels from a European shipowner. The Contract is valued at KRW 357.2 Billion and follows an earlier agreement signed in February.
The latest
deal brings the total order to four vessels of the same class. The ships will
be built at the company’s Yeongdo Shipyard in Busan, its main production
facility.
The 10,100
TEU design is the largest vessel type that can be constructed at the yard. It
builds on HJSC’s existing 7,700-9,000 TEU eco-friendly designs. The vessels
feature optimized cargo capacity both deck and in the holds, while
incorporating advanced engineering to improve efficiency and safety.
The ships
are designed to meet strict environmental standards They will be equipped with
scrubber systems to reduce emissions and Alternative Maritime Power (SMP)
systems, allowing them to use shore power while at berth and cut air pollution.
With four
vessels now on order, HJSC expects to benefit from series production
efficiencies. Building identical ships in sequence improves productivity and
reduces costs in design, procurement and construction. Shipowners alo benefit
from operational and maintenance efficiencies.
The company
has also developed an LNG dual-fuel version of the same design, aiming to meet
growing demand for alternative fuel solutions as environmental regulations
tighten.
“Though
eco-friendly container ships and a high efficiency production system, we can
now build four large vessels exceeding 10,000 TEU in sequence”, said Yoo
Sang-cheol, CEO of HJSC. “We will continue to focus on profitable orders while
delivering high-quality vessels on schedule”.
The order
strengthens HJSC’s position in the container shipbuilding market and supports
its strategy to expand its portfolio of environmentally advanced vessels.
PIL reports $1.04 Billion profit for
FY-2025 amid volatile market
Pacific
International Lines (PIL) reported a net profit of $1.04 Billion for the
financial year 2025, delivering resilient performance despite softer freight
rates and ongoing market volatility.
The group
recorded revenue of $4.27 billion, slightly below 2024 levels. Strong volume
growth helped offset the impact of declining rates. Total volumes increased 17%
year-on-year to 2.58 million TEU.
Group EBITDA
reached $1.50 Billion, with the container shipping segment contributing $1.47
Billion. The EBITDA margin stood at 35%, down from 39% in the previous year due
to lower rates and higher handling costs.
The
container shipping business remained the main driver of performance. Revenue in
this segment rose to $3.81 Billion. EBIT reached $1.04 Billion, with margins
moderating to 27% from 35% in 2024.
PIL said
disciplined cost control, efficient fleet deployment and strong asset
utilisation supported earnings during the year.
The company
continued to expand and modernise its fleet. It operated 95 owned vessels and
11 chartered ships at year-end. In 2026, PIL ordered eight new 13,000 TEU
vessels, bringing total LNG dual-fuel newbuild orders since 2022to 28.
The group
maintained a strong financial position. Cash and deposits increased to $2.74
Billion, while gross gearing remained low at 0.15%. The company also reported a
net cash position.
“Our 2025
results reflect resilient profitability driven by volume growth and capacity
optimization,” said Lars Kastrup, CEO of PIL. “We mean focused on building a
sustainable and efficient organisation”.
He added
that geopolitical tensions and supply chain disruptions will continue to shape
the market, but PIL is well positioned to adapt through flexible network
deployment and disciplined cost management.
/// Air Cargo News ///
Spirit Airlines begins 'wind-down', cancels all flights
Spirit Airlines' parent company, Spirit Aviation Holdings, said in an early Saturday press release that it has "started an orderly wind-down of operations, effective immediately."(Photo | X, @SpiritAirlines)
WASHINGTON: Low-cost US carrier Spirit Airlines said on Saturday that all of its flights have been cancelled as it started an "orderly wind-down of operations" after a potential White House bailout fell through.
US
President Donald Trump previously expressed interest in organizing a package to
save thousands of jobs at the carrier, which filed for bankruptcy twice in
2025.
Spirit Airlines' parent company, Spirit Aviation Holdings, said in an early Saturday press release that it has "started an orderly wind-down of operations, effective immediately." "All Spirit flights have been cancelled, and Spirit Guests should not go to the airport," said the company, which had put pressure on larger airlines with its no-frills offering launched over 30 years ago.
The company's webpage displayed a message telling guests that "customer service is no longer available." The airline said it will process refunds for purchased flights.
Spirit's President and CEO Dave Davis said the company in March "reached an agreement with our bondholders on a restructuring plan that would have allowed us to emerge as a go-forward business."
But
skyrocketing jet fuel prices since the start of the Middle East war "left us
with no alternative but to pursue an orderly wind-down of the Company,"
Davis said in the press release.
"Sustaining the business required hundreds of millions of additional dollars of liquidity that Spirit simply does not have and could not procure. This is tremendously disappointing and not the outcome any of us wanted."
The company said that the lack of additional funding meant that Spirit "had no choice but to begin this wind-down."
Spirit Airlines, which began offering flights in 1992, was known for its yellow-colored planes and employed just over 11,000 people as of 2024.
The
airlines announced in February an "agreement in principle" to
restructure its debt with creditors, saying it expected to emerge from
bankruptcy by early summer.
But a spike in fuel prices sparked by the US-Israeli war on Iran that started a few days later delivered a heavy blow to the struggling carrier.
Cargolux posts $465 million profit
after tax in its 55th year
The Cargolux
Group reported a positive financial performance for the 2025 financial year,
with revenues of $3,406 million and a profit after tax of $465 million. The
Luxembourg-based carrier said the results strengthened its balance sheet and
supported resilience amid a volatile global market environment.
“The past
year marked a milestone for the airline as we celebrated 55 years of business
in a demanding and highly complex industry. The results we achieved this year
not only reflect the hard work delivered in 2025; they highlight the legacy of
dedication to high standards and passion that are the core of Cargolux’s
DNA," says Richard Forson, President and CEO of Cargolux.
The air
cargo sector in 2025 operated under pressure from geopolitical tensions, trade
disputes, and airspace restrictions linked to conflicts in the Middle East and
Ukraine. Demand was supported by e-commerce and specialised cargo segments, but
shifting trade routes and operational constraints impacted global logistics
networks.
Cargolux
said it adjusted to market conditions by optimising its network and expanding
charter operations. This approach enabled the airline to maintain operational
performance and deliver a positive financial outcome despite market volatility.
The company ranked tenth among the top 20 cargo carriers by international
scheduled freight tonne kilometres, according to International Air Transport
Association rankings.
Operational
data for 2025 showed total block hours of 149,269 and 21,789 flight cycles.
Aircraft utilisation averaged 13 hours and 37 minutes per day. The load factor
stood at 65.0 per cent, while total tonnes sold reached 1.1 million tonnes.
Looking ahead to 2026, the company indicated that forecasting remains difficult
due to continued geopolitical uncertainty and macroeconomic risks.
Ongoing
conflict in the Middle East has already affected operations by increasing fuel
costs and raising concerns over supply. The airline also noted uncertainty
around e-commerce demand, alongside regulatory changes such as tariffs and
handling fees on low-value shipments that may affect trade flows.
Cargolux
said European carriers face growing compliance requirements related to
environmental and reporting standards. It called for coordination between
authorities and industry stakeholders to ensure competitive parity with global
operators.
The company
stated it will continue to monitor market developments and adjust operations in
response to demand fluctuations. It aims to sustain service delivery through
operational flexibility and financial resilience.
Cargolux
Airlines International operates a fleet of Boeing 747 freighters and has Boeing
777-8F aircraft on order as part of its fleet renewal strategy. The airline
serves more than 50 destinations and maintains a global network supported by
offices in over 50 countries and trucking links to more than 250 destinations.
The group
also operates aerial firefighting services through its Aquarius unit and
employs close to 4,000 staff worldwide.
UPS reports $21.2 billion revenue in Q1
2026, reaffirms outlook
United
Parcel Service reported a decline in its first-quarter 2026 financial
performance, with consolidated revenue at $21.2 billion, down from $21.5
billion in the same period last year. Non-GAAP adjusted operating profit fell
to $1.32 billion from $1.76 billion, while operating margin declined to 6.2%
from 8.2%.
Non-GAAP
adjusted diluted earnings per share stood at $1.07, compared with $1.49 in the
first quarter of 2025. The company said the first quarter of 2026 marked a
critical transition period. During the quarter, UPS reduced Amazon volume by
around 500,000 average daily volume and closed 23 buildings.
It launched
its voluntary Driver Choice Programme and said it is on track to achieve its $3
billion cost reduction target. The company also capitalised on trade lane
shifts resulting from 2025 trade policy changes, transitioned a portion of its
Ground Saver volume to the United States Postal Service for last-mile delivery,
and scaled back leased aircraft while replacing retired MD-11 capacity with new
aircraft deliveries.
UPS stated
that its underlying business performed better than expected during the quarter.
Chief Executive Officer Carol B. Tomé said the company’s results were better
than its financial plan and targets, although first-quarter performance
deviated from seasonal norms due to certain cost pressures.
She noted
that these pressures are largely behind the company and it expects to return to
consolidated revenue and operating profit growth and expand operating margin in
the second quarter. In the US domestic segment, revenue declined to $14.1
billion from $14.46 billion year-on-year. Non-GAAP adjusted operating profit
fell to $565 million from $1.01 billion, while operating margin dropped to 4.0%
from 7.0%.
Total
non-GAAP adjusted operating expenses were nearly flat year-on-year. UPS said
higher productivity and progress on reducing Amazon-related volume partially
offset short-term cost pressures of $350 million. These included temporary
third-party lease expenses to cover retired MD-11 capacity, transition costs
and excess operational staffing related to Ground Saver, as well as costs from
inclement weather and increased casualty expenses.
Non-GAAP
adjusted cost per piece increased by 9.5%, and operating margin included a 250
basis point negative impact from these short-term pressures. The company said
these cost pressures are largely behind it as it moves into the final months of
executing its Amazon volume reduction and network reconfiguration initiatives.
Average
daily volume in the US domestic segment declined by 8% year-on-year. However,
small and medium-sized business (SMB) volume grew, accounting for 34.5% of
total US volume, marking the highest SMB penetration in the company’s history.
UPS said its
strategic actions drove SMB average daily volume growth and improved product
and customer mix over several consecutive quarters. Revenue per piece increased
by 6.5% year-on-year. The company said base rates and package characteristics
contributed 340 basis points to this growth, while improvements in customer and
product mix added 200 basis points.
The
remaining 110 basis points increase was due to changes in fuel prices. Overall
US domestic revenue declined by 2.3% year-on-year, as strong revenue per piece
growth largely offset lower shipment volumes.
UPS files for $500mn tariff refund,
vows to pass it to customers
UPS has been
at the centre of the US tariff storm, processing 16 million International
Emergency Economic Powers Act or IEEPA-related entries and remitting over $5
billion to the US Treasury since the tariffs were initiated. UPS Chief
Executive Officer Carol Tomé was unequivocal about the company's role: "We
are just a pass-through. We collect, and we remit to the government."
Now that the
tariffs have been deemed refundable, UPS began filing applications with the US
Customs and Border Protection on April 20. The filings cover approximately 2.5
million entries worth just under $500 million; processed on a last-in,
first-out basis.
Tomé said
the company's preference is cooperation over confrontation: "Our approach
is to work with the US government and not to sue the US government." She
added that once the Treasury remits the funds, UPS will pass them straight back
to its customers.
Tome was
responding to questions from analysts during the earnings call following the
company’s announcement of its first-quarter 2026 financial results. West Asia
crisis: Limited exposure, rising costs UPS's exposure in the Middle East is
relatively contained, with first-quarter export and import revenue from the
region totalling around $130 million.
Safety of
its approximately 2,000 employees in the region was the immediate priority.
"Job number one was to keep our people safe. We have about 2,000 people
there, and they're safe," Tomé said. However, the inability to fly over
certain airspace is pushing up costs as UPS works to maintain continuity of
service for its customers. On a related front, Tomé flagged another emerging
regulatory shift: the elimination of de minimis provisions in Europe, due to
take effect this summer.
"We
don't know if it'll be disruptive or not, but it's a change," she said,
drawing a comparison to the disruption witnessed in the United States last year
when similar provisions were withdrawn. Despite these pressures, Tomé expressed
satisfaction with her international team's performance on revenue quality and
growth.
Amazon Glide
Down: A managed transition Amazon's share of UPS's total revenue has fallen to
8.8% at the end of Q1 2026, down from north of 13% not long ago. Tomé described
the reduction as a deliberate and well-managed process, praising the
collaboration with the e-commerce giant. "Really pleased with how we've
partnered with Amazon on this glide down. We hold that company in very high
regard," she said.
The ongoing
relationship is being anchored increasingly around returns logistics. This is
an area where UPS sees significant structural opportunity. Tomé noted that 19%
of all e-commerce sales are returned, and UPS's reverse network, including its
boxless and labelless returns capabilities, positions it well. She added that
the returns relationship with Amazon is expected to continue growing.
Airbus completes first A350F main deck
cargo door
Airbus has concluded the manufacturing and assembly of the door for the first main deck cargo, A350F freighter. The development took place at its facility in Illescas, Spain, after which the included component is delivered to the Final Assembly Line (FAL) in Toulouse.
As per the
plan, the test aircraft will undergo testing in the upcoming weeks, once the
component is integrated into the fuselage. In total, two A350F aircraft are
under development by Airbus, within the set deadline of 2026 to 2027. A350F
main deck cargo door is going to be the largest in the industry with a 4.5
metre cut-out width and 4.3 metre tall opening.
The aim is
to make loading and unloading operations easier and quicker, along with
ensuring safety. The door is positioned in the rear fuselage and is made from
composite materials. It consists of an electrical open/close actuation system.
The facility
in Illescas is one of the company’s top centres for the building of
large-scale, complex composite surfaces. It contributes to manufacturing the
skins and assembling of the door, and is later sent for delivery for its
incorporation into the fuselage. Pre-process of the first main deck cargo doors
includes installation in Toulouse.
Further, it
moves to the serial production, followed by the delivery from Illescas to
Hamburg for integration into the aft fuselage and the installation of the
actuation systems. Once the process reaches here, the section of the fuselage
is prepared to be transported to the FAL in Toulouse following the Airbus
production process. President of Airbus’ Commercial Aircraft business in Spain,
Ricardo Rojas, said, "This milestone demonstrates Spain's key role in the
production of our commercial aircraft, including the A350F programme.
Delivering
the first main deck cargo door is the result of years of preparation and
extensive teamwork, showcasing the deep expertise and technical maturity that
Illescas plant has refined over decades in composite materials”.
With the
motive of becoming the world’s most advanced cargo aircraft, A350F fulfills the
upgraded demands of the international air freight market. The enhanced version,
such as the range capability of up to 8,700 kilometres and payload of up to 111
tonnes, will support the operators to deploy the aircraft on international
long-haul routes.
A350F weighs
46 tonnes, which is quite lighter than other aircraft and is manufactured with
70% of advanced materials. The aircraft will be powered by Rolls-Royce Trent
XWB-97 engines, and is expected to consume less fuel and carbon emissions by
20%, in comparison to previous generation aircraft, with the same payload-range
capability.
This is the
only freighter that completely aligns with the ICAO’s 2027 CO2 emission
standards. Currently, it is designed to operate with up to 50% Sustainable
Aviation Fuel (SAF) however, the aim is to take it to 100% capability by 2030,
with all Airbus aircraft. By the end of March 2026, the A350F had managed to
register 101 orders from 14 customers.
AerFin, National Air Cargo expand
teardown logistics partnership
Aircraft
asset specialist AerFin has strengthened its logistics partnership with
National Air Cargo to support aircraft teardown operations, focusing on
improving the movement of materials between Marana and Miami.
The
partnership is designed to create a more efficient and integrated logistics
process, ensuring that aircraft components are transferred quickly, securely
and with the required operational oversight to maximise value throughout the
asset lifecycle.
This
development builds on an existing relationship between the two companies that
began in 2024. National Airlines had previously supported AerFin through
materials purchasing, which has now expanded into logistics support for
teardown programmes.
By combining
their capabilities, the two companies aim to enable a smoother transition of
assets through dismantling, transportation and onward use. AerFin said it will
continue to work with its existing partners across other parts of the
programme, maintaining a flexible and multi-partner approach.
Simon
Bayliss, Chief Operating Officer at AerFin, said the company is focused on
building practical partnerships aligned with customer needs, adding that the
agreement strengthens its ability to move quickly while creating long-term
value.
Alan White,
Chief Growth Officer at National Air Cargo, said the relationship has evolved
from collaboration on materials purchasing into a more integrated logistics
partnership, adding that both companies are well positioned to support complex
teardown programmes and explore further opportunities.
I hope you have
enjoyed reading the above news letter.
Robert Sands
Joint Managing Director
Jupiter Sea & Air Services Pvt Ltd
Casa Blanca, 3rd Floor
11, Casa Major Road, Egmore
Chennai – 600 008. India.
GST Number : 33AAACJ2686E1ZS.
Tel : + 91 44 2819 0171 / 3734 / 4041
Fax : + 91 44 2819 0735
Mobile : + 91 98407 85202
E-mail : robert.sands@jupiterseaair.co.in
Website : www.jupiterseaair.com 1Branches : Chennai, Bangalore,
Mumbai, Coimbatore, Tirupur and Tuticorin.
Associate Offices : New Delhi, Kolkatta, Cochin &
Hyderabad.
Thanks to :
Container News, Indian Seatrade, Cargo Forwarder Global &
Air Cargo News.
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