Boeing and Airbus Freighters for New Cargo Airline Introduction Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is in exploratory discussions to acquire Boeing Co. and Airbus SE freighters for a new cargo airline. This initiative aims to establish the kingdom as a logistics hub to rival prominent Gulf competitors such as Dubai […]

The air freight industry is witnessing an unexpected surge in its peak shipping season, driven mainly by e-commerce exports from China. However, air logistics firms may experience a dip in revenues even if the demand continues to rise beyond 2024. Industry leaders are optimistic that the worst of the cargo recession is over, promising stability […]