newstodate.aero
Mar 28, 2014 (newstodate): The Icelandic ACMI carrier Air Atlanta is about to take in another Boeing 747-400 freighter - the sixth in the fleet.
Not that the cargo ACMI business is anyway running easily...
-The cargo market has been down and vacillating for quite a few years now, competition is stiff, rates are down and yields are waning, making the freighter ACMI market tough and highly competitive, says Baldvin Mar Hermannsson, Air Atlanta Icelandic VP Sales & Marketing.
-Still, we are doing OK as our focus is on longer-term commitments and aircraft acquisitions are basically done on back-to-back conditions. The problem is that it is relatively easy for airline companies to throw capacity into the market, pick up some business and retreat if unsuccessful. This adds to sustained over-capacity in the market which is also a challenge for us.
-Having said that, all our freighters are on lease contracts till 2016. We have the scale of economics to even add this new freighter as we are already operating a total of 16 Boeing 747-400 aircraft sharing the same technical and operational set-up, says Mr Hermannsson
Not that the cargo ACMI business is anyway running easily...
-The cargo market has been down and vacillating for quite a few years now, competition is stiff, rates are down and yields are waning, making the freighter ACMI market tough and highly competitive, says Baldvin Mar Hermannsson, Air Atlanta Icelandic VP Sales & Marketing.
-Still, we are doing OK as our focus is on longer-term commitments and aircraft acquisitions are basically done on back-to-back conditions. The problem is that it is relatively easy for airline companies to throw capacity into the market, pick up some business and retreat if unsuccessful. This adds to sustained over-capacity in the market which is also a challenge for us.
-Having said that, all our freighters are on lease contracts till 2016. We have the scale of economics to even add this new freighter as we are already operating a total of 16 Boeing 747-400 aircraft sharing the same technical and operational set-up, says Mr Hermannsson