newstodate.aero
Jan 20, 2009 (newstodate): Icelandair Cargo intends to keep its fleet of five Boeing 757-200F aircraft, but the pattern of utilisation will change.
During the current crises that takes a particularly heavy toll on Iceland after a period of seemingly limitless growth, Icelandic import volumes have fallen drastically as have volumes on the Transatlantic routes.
Icelandair Cargo formerly generated 80 percent of its volumes in its home market, which has proved a very vulnerable and risky situation, given the limited size of the Icelandic economy.
The former strategy of seeking a reduction in Icelandic-generated volumes from 80 to 30 percent through new international business was scrapped in 2008, however, and the carrier is now taking a less ambitious approach.
Icelandair Cargo will thus engage in ad-hoc operations to keep its aircraft fleet busy.
Two freighters will be dedicated to operating Icelandair Cargo's remaining freighter schedules, while the remaining three freighters will be dedicated to ad-hoc operations and charters, according to a company source.
During the current crises that takes a particularly heavy toll on Iceland after a period of seemingly limitless growth, Icelandic import volumes have fallen drastically as have volumes on the Transatlantic routes.
Icelandair Cargo formerly generated 80 percent of its volumes in its home market, which has proved a very vulnerable and risky situation, given the limited size of the Icelandic economy.
The former strategy of seeking a reduction in Icelandic-generated volumes from 80 to 30 percent through new international business was scrapped in 2008, however, and the carrier is now taking a less ambitious approach.
Icelandair Cargo will thus engage in ad-hoc operations to keep its aircraft fleet busy.
Two freighters will be dedicated to operating Icelandair Cargo's remaining freighter schedules, while the remaining three freighters will be dedicated to ad-hoc operations and charters, according to a company source.