KF Aerospace shutters Toronto cargo operation

Sadly, KF Aerospace, a freighter operator hoping to capitalise on flows between Canada and Europe with two DC10Fs, has abandoned its Toronto hub and discontinued its operation to Brussels. It was impacted by low yields and volumes, it said. Talking to Skies magazine, director Bryan Akerstream said there was too much belly capacity in the market. “It’s depressing the rates…You need either the volume or the yield, and we were finding we were hit in both areas.” Before setting up the new operation, it had contracts for Canada Post and Purolator but lost out to Cargojet. The airline is now looking at the sale or lease of its aircraft, which include 727Fs, although it will keep operating its remaining contract with Purolator.