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With the air cargo industry struggling to maintain yields in the face of rampant over-capacity, Coyne Airways presents an intriguing vision of how freighter markets may evolve over time.
The London-headquartered airline does not own or lease any aircraft, and it eschews the hub-to-hub distribution model favoured by most global cargo operators.
Instead, Coyne Airways enlists the services of various partner carriers to build a scheduled network through recurrent Block Space Agreements and interline deals. By reserving part or all of the space on other airlines' freighters, the company has developed specialised hubs in Dubai and Tbilisi that connect Europe, North America and Asia with countries like Iraq, Afghanistan and Kazakhstan...