Air Freight To Finish Year 'On Low Note'

Global demand for air freight is flatlining with volumes rising just 0.5 percent in October, IATA said.

Despite stuttering demand, cargo providers have still been adding capacity, meaning load factors dropped to around 44 percent, the lowest since 2009, IATA said in its monthly air freight figures.

"Early signs of improvement in export orders may bode well for trade and air cargo but this is unlikely to prevent air cargo finishing 2015 on a low note," Tony Tyler, head of IATA, said in a statement.

SOUTH KOREA: Korean Air Becomes The First Airline To Operate Both Versions Of The Boeing 747-8

Korean Air (Seoul) and Boeing (Chicago, Seattle and Charleston) yesterday (August 25) marked the delivery of the airline’s first 747-8 Intercontinental. The new fuel-efficient jet is the first of 10 747-8 passenger airplanes the carrier has on order.

With this delivery, Korean Air becomes the first airline in the world to operate both the passenger and freighter versions of the 747-8. Korean Air currently operates seven 747-8 Freighters.

Korea’s flag carrier currently operates a fleet of 87 Boeing passenger airplanes that includes 737, 747 and 777s. The airline also operates an all-Boeing cargo fleet of 28 747-400, 747-8 and 777 Freighters.

With a range of 7,730 nautical miles (14,310 km), the 747-8 Intercontinental offers 16 percent savings in fuel consumption and emissions over its predecessor, the 747-400, while generating 30 percent less noise. The airplane also features an all-new, 787 Dreamliner-inspired interior that includes a new curved, upswept architecture giving passengers a greater feeling of space and comfort.

Korean Air’s jet is configured with 368 seats and features the brand new First Class Kosmo Suite 2.0, which include a sliding door and higher partitions to provide added privacy for passengers. The suites are also equipped with updated in-flight entertainment systems, with large 24-inch high-definition monitors and new handheld touch remotes.

The airline’s Business Class Prestige Suites (above) will feature staggered seating and privacy panels, along with 18-inch high definition touch screens.

Korean Air’s Aerospace Division is a key Boeing partner on both the 747-8 and 787 programs, supplying the distinctive raked wing-tips for each model. They are also one of two suppliers producing the new 737 MAX Advanced Technology (AT) Winglet.

Korean Air, with a fleet of 161 aircraft, is one of the world’s top 20 airlines, and operates more than 430 flights per day to 128 cities in 45 countries. It is a founding member of the SkyTeam alliance, which together with its 20 members, offers its 612 million annual passengers a worldwide system of more than 16,000 daily flights covering 1,052 destinations in 177 countries.