Air cargo rates have surged throughout March amid the volatility from the war in Iran that has snarled freighter capacity, escalated oil prices and restricted activity at major Middle Eastern airports. According to more than 500,000 weekly transactions covered by WorldACD, average global air cargo rates rose by 10 percent in the week to March 15, reaching $2.67 per kilogram when including surcharges. The increase followed a week in which rates increased 8 percent. More from Sourcing Journal Jet fuel ava ...

Miami-based startup cargo airline 7Air LLC has named aviation veteran Edward Wegel as CEO just 10 months after launching commercial operations, according to a copy of an internal memo notifying employees of the decision and shared with FreightWaves. 7Air also announced on LinkedIn the promotion of Juan Nunez to chief operating officer and point person to the Federal Aviation Administration on compliance matters. He previously served as director of flight operations. A source familiar with all parties in ...

Core Viewpoint - Amazon is expanding its partnership with Sun Country Airlines by outsourcing two additional cargo aircraft, coinciding with Sun Country's acquisition by Allegiant Travel Co. in a $1.5 billion deal, which includes $400 million in debt [1][2]. Group 1: Acquisition Details - Sun Country Airlines will be acquired by Allegiant Travel Co. in a cash-and-stock transaction valued at approximately $1.5 billion, which includes $400 million in debt [2]. - The merger aims to create one of the largest leisure-focused airlines, enhancing operational flexibility and capacity to meet vacation demand during peak travel seasons [2][3]. Group 2: Cargo Operations - Sun Country operates 20 Boeing 737-800 converted freighter aircraft within Amazon's air logistics network, having started with a dozen jets in early 2020 to diversify its seasonal passenger business [4]. - The airline is responsible for providing crews and maintenance for the cargo operations, which have become a significant revenue contributor [4][5]. - Following the acquisition announcement, Amazon committed to placing two additional 737-800 freighters with Sun Country, increasing the cargo fleet to 22 aircraft [6]. Group 3: Strategic Importance - The cargo partnership with Amazon is highlighted as a crucial element for revenue growth for both Sun Country and the combined entity post-merger [5][7]. - Allegiant's CEO emphasized the importance of maintaining reliable service levels in cargo operations, indicating ongoing discussions with Amazon to ensure continuity in the partnership [6].