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Cargo Three is related to Transcarga By Svva.aviation - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=80728348

Continued elevated air freight rates are driving old aircraft and new airlines into the skies.

This week, Cargo Three, a Panama-based carrier which recently received its AOC, applied to the US Department of Transportation (DoT) to offer cargo charter services.

The carrier said it hopes to launch as soon as possible, using a 38-year old converted A300-B4. It told the DoT that it will “initially operate between five and 10 flights per week with … an estimated capacity of 40 tons”. The ...

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