Canadian airlines throttle back cargo plans for slower growth
Canada’s leading air cargo carriers have dialled back their freighter fleet expansion plans but still ...
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Menzies Aviation has broken into the Canadian air freight market with the acquisition of GTO Global Logistics. Freightwaves reports that the Vancouver-based operator will be integrated into the forwarding arm of Air Menzies International (AMI). While no price was disclosed, financial results suggested it could be around the £1.9m mark. Meanwhile, volumes at Vancouver International have risen 50% in the last five years, and last year stood behind only Toronto in terms of total volumes handled.
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