Page 10 - SAD2223 Final v1
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                 SINGAPORE AIRFREIGHT DIRECTORY 2022/2023
 To boost capacity, the Civil Aviation Authority of Singapore (CAAS) and CAG works closely with airline partners to introduce passenger aircraft for cargo conveyance operations, expand their freighter operations, and introduce new freighter operators.
In November 2021, Maersk, the Danish maritime and land logistics company, ordered two new Boeing 777Fs while leasing three more 767-300 cargo planes for its Star Air division.
Then in April 2022, responding to increased demand from its customers, Maersk announced the launch of Maersk Air Cargo. The new air freight company took over from its existing in-house aircraft operator, Star Air, which had transferred activities, to support existing and new customers and Maersk’s end- to-end logistics.
In order to ramp up air freight capacity, network, and know-how, Maersk acquired a global freight forwarding company Senator International in June 2022, which has an
operational air freight platform of own- controlled capacity and operations across Europe, Asia, South Africa and America. Their acquisition increased the company’s ability to provide flexible logistic solutions, and accelerate or slow cargo transportation in line with evolving supply chain needs.
On 20 December 2021, CMA CGM Group, a world-leader in shipping and logistics, firmed up an order with Airbus, for the purchase of four A350F freighter aircraft, bringing the shipping line’s total Airbus fleet to nine aircraft, including four A330-200F and one A330-200 to be converted into a freighter. In March 2021, CMA CGM launched a new air freight division with four Boeing 777 aircraft. It purchased two more in November. CMA CGM AIR CARGO fleet currently consists of 6 aircraft. By 2026, CMA CGM AIR CARGO fleet will go up to 12.
Airbus has received more freighter orders as cargo and logistics companies invest in air transport to bypass port delays, and as pressure from consumers to deliver goods as quickly as possible mounts. Mr James Christopher,
president of supply chain consultancy TMX Asia, said that “with e-commerce, consumer expectations have shifted dramatically. While they want the convenience of home delivery, they also want the speed which they are used to from shopping at traditional brick-and- mortar stores”.
On 22 December 2021, Boeing announced an order for 19 767 Freighters from United Parcel Service (UPS) as the global shipping and logistics company ramps up its capacity to meet rising demand for transporting cargo by air. The new planes, valued at US$1.5 billion (S$2.05 billion) are slated to be delivered between 2023 and 2025. The UPS order adds to a record-breaking year for Boeing freighter sales, including 80 firm orders for new widebody freighters and more than 80 orders for Boeing Converted Freighters.
On 17 February 2022, Singapore Airlines (SIA) announced that they had firmed up an order for seven more Airbus A350 Freighters, with options on a further five aircraft. The new generation aircraft which offers better fuel economy, longer range and greater deployment flexibility will replace SIA’s seven Boeing 747- 400 freighters.
On 16 August 2022, DHL Express, the world’s leading international express service provider, welcomed the arrival of the first of five new Boeing 777 freighters to be operated under a crew and maintenance agreement signed in March 2022. SIA will operate it on routes to the United States of America via South Korea thrice weekly from August 2022.
As air cargo demands grow, so has the demand for converted passenger planes.
On 3 March 2022, Air Transport Services Group, Inc. (ATSG), the world’s largest lessor
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