Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility

Air Lease Corporation amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the company extended the final maturity date of the facility from May 5, 2026 to May 5, 2027 and amended the total revolving commitments to approximately $7.2 billion across 49 financial institutions as of May 5, 2023.  The senior unsecured revolving credit facility accrues interest at adjusted term SOFR plus a margin of 1.05% per year with a 0.20% facility fee, each subject to adjustments based on the company’s credit ratings.  

“We are pleased to announce the extension of our senior unsecured revolving credit facility by one year to 2027, and we’d like to thank our bank partners for their continued support” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation.  “The ongoing success of this facility reflects ALC’s strong investment grade credit metrics and platform, and it remains a key component of our cost-efficient funding strategy.”

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. 

Emirates to start flights to Montreal in July

Photo by Marc-Olivier Jodoin on Unsplash

The Dubai-based mega-carrier Emirates has confirmed it plans to launch a new daily service from Dubai to Montréal, starting 5 July. Montréal becomes Emirates’ second gateway in Canada, complementing its passenger services to Toronto, which have been operating to Ontario’s capital city since 2007.

From 5 July, daily flights to Montréal on widebody Boeing 777-300ER to complement daily A380 services to Toronto

The launch of services to Montréal comes as the UAE and Canada aim to deepen economic cooperation between the two nations and stimulate benefits to the aviation and tourism sectors, in addition to enhancing trade flows and commercial links. The daily flights to the new destination will help cater to the huge demand for direct flights between Dubai and Canada, particularly to its two largest metropolitan hubs, and provide more choice for travellers when flying to Canada.

Passengers from Montréal can enjoy the airline’s award-winning services to and through Dubai, and connect safely, seamlessly and efficiently to Emirates’ global network of over 130 destinations in over 70 countries and territories. The daily flights between Dubai and Montréal will operate as EK243/244 with a Boeing 777-300ER aircraft in a three-class configuration, offering a premium travel experience across its cabins. Passengers can enjoy Emirates’ award-winning travel experience aboard its wide-body aircraft with 8 First Class suites, 42 lie-flat seats in Business Class and 304 seats in Economy Class. 

Tickets to Montréal go on sale today for flights starting 5 July and can be booked on emirates.com, the Emirates App, or via travel agents.

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Photo by Jamshed Khedri on Unsplash

Experience the charisma of Hong Kong's unique pop culture with legendary icons

Hong Kong has one of the most influential pop cultures among Asian cities, especially its pervasive Cantopop and movies from the 1980s to the 1990s, which gave birth to a lot of superstars who were well-known internationally. The timeless influence of those masterpieces can still be found in the pop culture of Hong Kong and even the rest of Asia.

The first-ever “Hong Kong Pop Culture Festival” kicks off in April, with over 20 exciting events scheduled throughout the year. An array of experiences await visitors to relive the golden age of Hong Kong superstars, including Leslie Cheung and Anita Mui, who reigned in the music and movie industries.

Some pop culture classics will be reinterpreted with unconventional modern elements, including makeovers of some one-of-a-kind melodies with new components, like jazz and a cappella. With fresh presentations of Hong Kong classics, these events pay tribute to the legendary trendsetters who have assiduously contributed to the local pop culture.

Here are four recommended experiences for visitors to savour and reminisce about the old days, paying tribute to the legends.

Passing on the Legend with a Brand New Interpretation

Miss You Much Leslie Exhibition

To commemorate the 20th anniversary of the passing of Leslie Cheung (“Gor-gor”) this year, the Hong Kong Heritage Museum has organised an exhibition, with Cheung’s close friends Florence Chan, William Chang and Wing Shya as guest curators. Featuring his stage costumes, vinyl records, music and film work, awards and personal collections, the exhibition presents Cheung’s legendary achievements in music and film, as well as his influence on popular culture.

Movie Tram – Tales Told by Cinematic Storytellers
Movie Tram

** Tickets available online for registration

A quintessential Hong Kong symbol on the move, the tram is a vessel of the city’s unique scenery and memories, making it an ideal backdrop for a lot of Hong Kong movies. The Festival will present “Movie Tram” tours, in which the participants will take a walking tour around film locations in Central & Western District before hopping onto a tram, where famous filmmakers, including Stanley Kwan and Kearen Pang, will share behind-the-scenes stories and inspirations for cinematic creativity, uncovering the gems of the city’s moving pictures.

In the Mood for Qipao – A Showcase of the Flourishing Era of Hong Kong Cinema
Cinderella and Her Qipao Exhibition

The qipao (cheongsam) is a fashion symbol of Chinese culture, as well as a key styling element for female leads in a lot of Hong Kong movies. This exhibition organised by the Hong Kong Film Archive, with over 30 qipaos from a selection of films spanning different eras will be on display, recreating the cultural landscapes of the past with pieces worn by iconic actresses such as Maggie Cheung and Brigitte Lin.

Out of Thin Air: Hong Kong Film Arts & Costumes Exhibition

The Hong Kong Heritage Museum and Hong Kong Film Arts Association will jointly present the exhibition. Through the display of iconic costumes, props, sets, paraphernalia and workshop scenes, the exhibition will take visitors behind the scenes to explore the nature of Hong Kong’s film culture, as well as the highly adaptable professionalism and creative inclusiveness of film industry workers.

More riveting activities will debut soon. Make these experiences part of your itinerary and embark on a distinctive pop culture journey in the footsteps of legendary Hong Kong superstars.

For more information about the “Hong Kong Pop Culture Festival”, please visit https://www.pcf.gov.hk/en.

easyJet opens applications for its 2023 Generation easyJet Pilot Training Programme

This World Pilot’s Day, Europe's leading airline easyJet has announced that it has reopened its renowned Generation easyJet Pilot Training programme for the 2023 intake of approximately 200 aspiring pilots.

easyJet is searching for the next generation of pilots and recruitment is now open for 200 cadets to join its pilot training programme

The airline has ambitious plans for 1000 new pilots in total to train with and join the airline by 2027

The Generation easyJet Pilot Training Programme is delivered in partnership with CAE and provides aspiring airline pilots the highest standards of training to become qualified commercial airline pilots in around two years. Ground training is delivered at CAE’s European aviation academy locations in Gatwick, Milan, Brussels, or Madrid, and flight training at CAE Phoenix in the US. Upon successful completion of the programme, graduates begin their careers flying as a Second Officer with easyJet.

A cohort of cadet pilots selected when the programme re-opened in January 2022 is already in training. Applications are now being accepted for programmes beginning as of December 2023 and graduating as of 2026.

Over the next five years, over 1000 new pilots are expected to join easyJet. The airline continues to encourage those from diverse backgrounds, including having a focus on driving more female pilots to apply, as part of its commitment to increasing diversity in all forms across the airline and continue to create an inclusive culture for all.

easyJet has pledged its support for CAE Women in Flight, providing one European candidate access to their first employment opportunity. CAE funds and provides pilot training for the successful candidate at one of CAE’s aviation academies. The successful recipient becomes a CAE Women in Flight ambassador, encouraging more girls and women to consider a career in aviation by dreaming big and having no limits.

Loganair is connecting Dundee with the south and north of the UK like never before with the launch of its new London to Orkney route.

Photo by Zack Davidson on Unsplash

Loganair is connecting Dundee with the south and north of the UK like never before with the launch of its new London to Orkney route.

For the first time ever, passengers will be able to fly from Kirkwall to London City with a stop-off in Dundee thanks to a new, twice-weekly service that started earlier this month. 

The new same-flight service operates via the City of Discovery, giving passengers the option to split up their journeys in Dundee or stay on board for a seamless, unrivalled connection from either end of the country.

The three-and-a-half-hour service is ideal for those looking to explore the famous archipelago of Orkney off the north-east coast of Scotland or visit Dundee, famed for jute, jam and journalism. The tourism-boosting connection also offers business commuters a seamless route into the heart of the UK’s capital.

Fares start at £62 one way with ADS discount for Orkney-boarding passengers and are inclusive of 15kg luggage.

 

Loganair’s Chief Commercial Officer, Luke Lovegrove, said:  “Connecting Dundee with Kirkwall is a logical step for us after the success of the Sumburgh service, and we look forward to welcoming our customers on this new route from today.

After 60 years of operating from Dundee, we are still firmly committed to the city. The new route will extend on to London, providing additional opportunities for those wishing to fly from Kirkwall to London and vice versa.’’

Mark Flynn, convener of Dundee City Council’s city development committee, said:  “This announcement is a clear vote of confidence from Loganair, not only in Dundee Airport but in the city itself.

By expanding services to Kirkwall, it will be even easier for people who may not have considered coming to the city before to get here, and vice versa, opening up a previously untapped visitor base.”

Hotel giant Hilton releases first quarter results which show net income reached $209 million

The hotel and hospitality giant, Hilton Worldwide Holdings, has just released details of its first quarter 2023 results which show the firm amassed a net income of $209 million.  The company added 9,200 rooms to Hilton's system in the first quarter, resulting in 5,300 net additional rooms in Hilton's system during the period and approved 24,900 new rooms for development, bringing Hilton's development pipeline to 428,100 rooms as of March 31, 2023

Hilton repurchased 3.2 million shares of Hilton common stock during the first quarter, bringing total capital return, including dividends, to $487 million for the quarter and more than $602 million year to date through April

Full-year 2023 system-wide RevPAR is expected to increase between 8 percent and 11 percent on a comparable and currency-neutral basis compared to 2022; full-year net income is projected to be between $1,331 million and $1,385 million; full-year Adjusted EBITDA is projected to be between $2,875 million and $2,950 million. Full-year 2023 capital return is projected to be between $1.8 billion and $2.2 billion.

Christopher J. Nassetta, President & Chief Executive Officer of Hilton, said, "We carried strong momentum into 2023, exceeding the high end of our guidance for system-wide RevPAR, driving strong bottom-line results and delivering meaningful free cash flow available for return to our shareholders. As a result of our strong performance and positive outlook, we are raising our Adjusted EBITDA guidance for the full year."

In the first quarter of 2023, Hilton opened 64 new hotels totalling 9,200 rooms and achieved net unit growth of 5,300 rooms. Additionally, Hilton started construction on over 19,000 hotel rooms during the first quarter, continuing the positive momentum from the end of 2022, particularly in China. Further, Hilton continued to achieve development milestones during the first quarter, opening the 100th Tapestry Collection by Hilton, as well as its 500th hotel in China. 

May - a month for explorations and short breaks.

Thanks to the Coronation, this year there are three Bank Holidays in May, making it the perfect month for a short break.

With daily domestic and European flights to a range of fantastic leisure destinations, East Midlands Airport (EMA) is the ideal airport of choice for a quick hop.

If a European city break appeals, then the 06:00 Ryanair flight to Rome on Saturday 29 April might suit. With a flight time of just over 2.5 hours, the “haunting ruins, awe-inspiring art and vibrant street life” (Lonely Planet) of Italy’s capital city is within easy reach. Or if you’re after an “enchanting seaside city with boundless culture and fabled architecture” (Lonely Planet) then perhaps Barcelona would be preferable? The 06:45 departure on Saturday 29 April will get you there with plenty of time to soak up the Mediterranean vibe.

Thanks to Eastern Airway’s new services out of EMA, a stroll along on the Champs-Élysées could feature in your weekend plans. The 06:30 departure to Paris means that France’s capital is even doable as a day trip if your budget won’t stretch to an overnight stay.

But if sea air is what you’re craving, and closer to home, then now’s the time to dust off your wetsuit for a quick surf in Newquay. With a flight time of just over one hour, the 12:40pm departure to Newquay will give you an afternoon on the beach.  

Also within easy reach is Belfast, now served by Aer Lingus Regional and Ryanair. As well as spending time in this fascinating city – the Titanic Museum is a must – it is a great destination for exploring Northern Island, and the iconic World Heritage Site that is the Giant’s Causeway.

ATSG delivers its first Boeing Converted Freighter to Amerijet

 

                               Air Transport Services Group, the world's largest lessor of freighter aircraft, recently announced the addition of two newly converted Boeing 767-300 freighters to their leasing fleet, one of which is the company's first Boeing Converted Freighter (BCF). The second aircraft was converted by Tel Aviv-based Israel Aerospace Industries.

ATSG's leasing subsidiary, Cargo Aircraft Management, will lease both aircraft to Miami-based Amerijet International, which currently leases nine other aircraft from CAM. This dual delivery is a demonstration of ATSG's successful supply chain diversification in meeting market demand for full freighter conversions.

“Today we acknowledge an important milestone in the history of our company,” said Paul Chase, the chief commercial officer of ATSG, “a milestone that signifies not only our ability to execute on a clear corporate vision, but also demonstrates yet another step we’ve taken to establish ourselves as the global leader in freighter leasing.”

The leadership teams of ATSG and Amerijet addressed employees of ATSG subsidiaries, thanking them for their accomplishments and referencing the companies' shared histories.

Textron Aviation celebrates 400th delivery for Cessna Citation CJ4 Gen2

This week Textron Aviation announced the delivery of its 400th Citation CJ4 series aircraft to Koch Holdings of Easton, Pennsylvania. This milestone delivery for the Cessna Citation CJ4 series reinforces the Citation family as the world’s most popular line of business jets and demonstrates the company’s commitment to continued innovation for customers as exemplified in the latest Citation CJ4 Gen2 aircraft. Cessna Citation jets are designed and manufactured by Textron Aviation Inc., a Textron Inc. company.

“Our customers appreciate the quality and reliability, as well as the comfort and flexibility provided by the Cessna Citation CJ4 Gen2,” said Lannie O’Bannion, senior vice president, Global Sales and Flight Operations. “This aircraft is a direct response to continued conversations with our customers. Their input, combined with the excellent work by our employees, helped create an incredible aircraft. Thank you to everyone who made this milestone possible.”

Textron Aviation employees and representatives from Koch Holdings celebrated this significant milestone with a special delivery ceremony at Textron Aviation headquarters in Wichita.

The Citation CJ4 business jet series, which entered service in 2010, continues to stand out due to its combination of high performance, low operating costs and class-leading cabin amenities. It’s recognized as one of the premier single-pilot business aircraft in the world.

About the Citation CJ4 Gen2

The CJ4 Gen2 is the largest Citation aircraft in the light jet segment. Cessna Citations are renowned for combining reliability, efficiency and comfort with class-leading performance, and no other family of business jets offers such a seamless progression of aircraft with extraordinary capabilities.

The single-pilot certified CJ4 Gen2 combines superior speed, range and operating economics compared to larger aircraft, making it the ideal platform for owner-operators or corporate missions. The jet seats up to ten passengers and offers a 1,040-pound baggage capacity.

Valued by customers around the world for luxury and productivity, the CJ4 Gen2 is also used for a wide range of missions including air ambulance, maritime patrol, search and rescue and aerial survey.

JetBlue reports operating revenue of $2.3 billion for the first quarter of 2023......

JetBlue Airways Corporation reported its results for the first quarter of 2023 today which showed New York's hometown airline generated record operating revenues of $2.3 billion, up 34.1% year-over-year. During the first quarter of the carrier's capacity increased by 9.0% year-over-year.

Operating expenses per available seat mile increased 12.1% over the same period last year and JetBlue's net loss was $192 million. 

“Thanks to our team's collective hard work, our first quarter financial results came in better than expectations, and we are forecasting strong sequential pre-tax margin improvement into the second quarter. We remain well on track in executing our comprehensive plan to enhance our long-term profitability and restore our historical earnings power,” said Robin Hayes, JetBlue’s Chief Executive Officer.

“For the second quarter, we expect strong revenue growth to continue as demand remains robust and as we see continued momentum from our commercial initiatives. We are forecasting a solidly profitable quarter, and we remain confident in our full-year earnings outlook."

First Quarter 2023 Key Highlights

Reported adjusted EPS for the first quarter of 2023 which exceeded guidance, with strong operational and financial execution. First quarter revenue was approximately 4% points better than the midpoint of initial outlook, and CASM ex-Fuel was 1.8% points better than the midpoint of initial outlook.

Announced the planned launch of new service later this summer from New York's John F. Kennedy International Airport and Boston Logan International Airport to Amsterdam Airport Schiphol, JetBlue's third transatlantic market debut.

Announced our plan to further expand in Florida, following our planned combination with Spirit, to reach more than 250 daily flights at Fort Lauderdale-Hollywood International Airport (FLL) and 200 daily flights at Orlando International Airport, supporting significant job creation in Florida.

Opened Paisly hotel and car rental booking tool to any travelers independent of a JetBlue itinerary.

Announced a leading Shell Aviation agreement for the delivery of 10 million gallons of blended sustainable aviation fuel (SAF) – at Los Angeles International Airport (LAX) over the next two years beginning in the first half of 2023, with an option to purchase more.

Acted as the only airline to help execute the first-ever collective purchase of SAF certificates alongside Bank of America, Boom Supersonic, Boston Consulting Group, JPMorgan Chase & Co., Meta and clean energy nonprofit, RMI.

Rated by leading shareholder advisory firm ISS in its Tier 1 category for high performance against industry peers with respect to our management of “Carbon and Climate,” as a result of our recent Science Based Target to reduce GHG emissions (by 50% per revenue ton kilometer by 2035, as compared to 2019).

Recognized by Newsweek as one of America's greatest workplaces for women and for diversity, earning 4.5 and 5 stars, respectively.

Brought our signature Fly Like a Girl Campaign to Fort Lauderdale for the first time to support Women’s History Month, which brought ~100 young children together to learn about career opportunities in aviation.

Loganair and Scottish Ballet team up to bring Scotland’s national dance company to island communities with their 2023 spring tour.

Loganair and Scottish Ballet have once again teamed up, bringing Scotland’s national dance company to island communities with their 2023 spring tour.

The UK’s largest regional airline will be flying 60+ members of the touring company on scheduled flights this June as Scottish Ballet presents its acclaimed production of A Streetcar Named Desire in Kirkwall and Stornoway.

Loganair’s unique mainland-to-island routes will help balance both the business and environmental needs of Scottish Ballet’s island touring schedule with mandatory seat offsetting, allowing the company’s carbon footprint to be minimised on this extensive tour. 

Kirsten Cockburn, Director of Partnerships, Scottish Ballet, said:  “We are thrilled to be renewing our relationship with Loganair, a partnership that has been hugely beneficial to Scottish Ballet as a charity since we first worked together in 2018. The partnership enables us to share our live productions with remote communities, and  we are incredibly grateful for their support.”

 

Loganair’s GreenSkies programme was launched in July 2021 with the introduction of a mandatory carbon offsetting charge levied on all flights, while the airline also regularly invests in local, sustainable projects through our community grants scheme. 

Luke Lovegrove, Chief Commercial Officer for Loganair, said:  “Loganair’s support will allow Scottish Ballet to bring their wonderful production to audiences in some of the most remote regions of Scotland, making their tour viable and ballet more accessible.

Air Cargo Priorities: Sustainability, Digitalization & Safety

The International Air Transport Association (IATA) highlighted three priorities to enable the air cargo industry to maintain momentum against the backdrop of a challenging operating environment. The priorities, outlined at the 16th World Cargo Symposium (WCS), which opened in Istanbul on Tuesday are:

•    Sustainability 

•    Digitalization 

•    Safety 

“Air cargo is a different industry than the one that entered the pandemic. Revenues are greater than they were pre-pandemic. Yields are higher. The world learned how critical supply chains are. And the contribution of air cargo to the bottom line of airlines is more evident than ever. Yet, we are still linked to the business cycle and global events. So, the war in Ukraine, uncertainty over where critical economic factors like interest rates, exchange rates and jobs growth are concerns that are real to the industry today. As we navigate the current situation, air cargo’s priorities have not changed, we need to continue to focus on sustainability, digitalization, and safety,” said Brendan Sullivan, IATA’s Global Head of Cargo.  

Sustainability 

Sustainability is a critical priority and the aviation industry’s license to do business. Last October, at the 41st ICAO Assembly, governments agreed to the Long-Term Aspirational Goal (LTAG) of net zero carbon emissions by 2050, in line with the industry’s commitment adopted in 2021.

Sustainable Aviation Fuel (SAF) is critical to achieving this goal, 65% of carbon abatement will come from SAF, however, production levels remain challenging. IATA called for government incentives for production.

 

“SAF is being produced. And every single drop is being used. The problem is that the quantities are small. The solution is government policy incentives. Through incentivizing production, we could see 30 billion liters of SAF available by 2030. That will still be far from where we need to be. But it would be a clear tipping point towards our net zero ambition of ample SAF quantities at affordable prices,” said Sullivan.

 

IATA outlined three other areas where it was working to support the energy transition of the industry: 

 

SpinLaunch appoints Dómhnal Slattery asStrategic Advisor

Slattery brings over three decades of expertise and is an investor in the business

SpinLaunch, a pioneering space company enabling rapid, cost-effective space access, has announced that Dómhnal Slattery, a recognized global aerospace leader and proven founder, has joined the SpinLaunch team as a strategic advisor to the company. Slattery joins the Advisory Board and recently participated in the company’s Series B investment round.

 

The announcement was made by SpinLaunch Founder & CEO, Jonathan Yaney, who said that Slattery’s three decades of financial and business leadership will help SpinLaunch advance its commitment to commercializing end-to-end space solutions across launch, satellites, and services.

“Dómhnal Slattery's passion and dedication to innovation, strategic growth, and sustainability makes him a natural fit for SpinLaunch,” stated Yaney. “With his proven business leadership, track record as a founder and commitment to purpose-driven initiatives, Dómhnal will accelerate our global commercialization efforts and strengthen our leadership position as the trusted provider of innovative space solutions.”

 

SpinLaunch, founded by Yaney in 2014, is revolutionizing access to space by building a ground-based, electric-powered mass accelerator launch system that can deliver a substantially less expensive and environmentally sustainable way to place constellations of small satellites into Low Earth Orbit (LEO). In the last year, SpinLaunch has also created a new product line of small satellite buses in the 20kg-200 kg size class that complements our low-cost and high-cadence approach to space, and meets upcoming LEO constellation needs.

 

Agreement on ReFuel EU is a step forward in letting SAF flow in Europe

Agreement on ReFuel EU is a step forward in letting SAF flow in Europe

 

EU policymakers should now turn their attention to ensuring Europe develops a strong SAF industry that can provide enough sustainable fuel for airlines to fulfil the mandates agreed during the ReFuel EU negotiations concluded last night.  

Widespread adoption of SAF is a critical component of European aviation’s roadmap for achieving net zero and EU policymakers need to throw their efforts behind building up Europe’s SAF industry in the same way they are supporting other sustainable technologies.

 

With the first mandate of 2% SAF uptake due by 2025, the agreement provides immediate certainty for airlines and the whole SAF industry. 

The single EU-wide mandate for SAF will prevent fragmentation of the EU’s single market for aviation through differing national targets in different member states. The EU mandate should now supplant national mandates and harmonise all relevant legislation. 

Strict reporting rules for fuel suppliers with transparency requirements with regards to the sustainability of the fuel provided will be critical to guarantee the legitimacy of the mandate in the eyes of the passengers. 

WestJet Cargo and the GTA Group's celebration tour concludes with third inauguration of dedicated freighter in Vancouver

WestJet Cargo and the GTA Group today celebrated the third inauguration of its 737-800 Boeing Converted Freighters in Vancouver alongside integral partners and key stakeholders. The event was commemorated by a ribbon cutting, signifying the launch of WestJet Cargo and the GTA Group's dedicated freighter service in one of the carrier's five hubs, that will fulfil the large-scale needs of businesses, freight forwarders, shippers and individual customers across North America. WestJet Cargo and the GTA Group's Vancouver celebration is the last of three inaugural events, that took place across Canada.

"We are thrilled to be celebrating this long-awaited milestone in Vancouver, a core hub for WestJet Cargo that will connect our freighter service to the Pacific coast," said Kirsten de Bruijn, WestJet Executive Vice-President, of Cargo. "Our Vancouver hub is essential to connecting WestJet Cargo to Asia's robust trade lines to Canada, enabling us to seamlessly execute the distribution of incoming valuable cargo products to their final destinations across Canada."

"Today is an exciting day for the GTA Group as we celebrate and welcome this highly anticipated moment in Vancouver. This joint venture with WestJet Cargo will without a doubt, strengthen our position to meet the needs of the rapidly growing Canadian cargo market," said Mario (Mauro) D'Urso, Chairman of The GTA Group of Companies." The capacity of these four dedicated freighters will bring customers new competitive options by providing more air freight capacity to cargo customers who depend on reliable and on-time performance. We are thrilled to see these freighters take flight as we strive to provide exceptional service to all of our customers and their business needs."