Icelandair Cargo’s 3-year FedEx and TNT deal

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Icelandair Cargo has agreed a three-year deal to handle all shipments to and from Iceland for FedEx and TNT that will go into effect early this year.

Having acquired TNT in 2016, FedEx is merging the operations of TNT and is also looking to expand its operations in Iceland in co-operation with Icelandair Cargo.

As a result of the deal, Icelandair Cargo will increase to seven a week its flights to Liege in Belgium, an important base for FedEx/TNT and will fly three times a week to East Midlands Airport in the UK.

Gunnar Már Sigurfinnsson, Icelandair Cargo’s managing director, said: “The agreement with FedEx and TNT is one of the largest Icelandair Cargo has made for this type of transportation.

“Increased cargo capability to Europe [means] increased opportunities for Icelandair Cargo’s clients, such as Icelandic exporters of marine products.

“Their goal is to quickly and securely provide markets in Europe with fresh products.”

Icelandair Cargo has greatly benefited from parent carrier Icelandair’s decision to add Boeing 767 aircraft to its fleet more than three years ago. Icelandair now has four B767s.

Icelandair Cargo expects that it will carry almost 50,000 tonnes of freight this year, of which around 60% is flown in the bellies of Icelandair’s passenger aircraft and the rest on its B757-200PFs.