New UPS revenue helps Cargojet overcome loss of China e-commerce volume

Cargojet expects to continue providing replacement capacity to UPS through the third quarter, and possibly into the busy fourth quarter because regulators have not yet indicated when the MD-11s will be certified to fly again. Revenue from UPS will more than make up for lost transpacific sales this year, Chairman Ajay Virmani said on Wednesday’s earnings briefing.UPS said last month it will retire its 27 MD-11s rather than return them to service when they are cleared to fly by the Federal Aviation Administra ...