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Airlines

Name: CARGOITALIA
7JetSet7 Code: CGT
Status: Currently Not Operational
Region: EUROPE
City: MILAN
Country: ITALY
Employees 105
Web: cargoitalia.it
Email: elena.bollazzi@cargoitalia.it
Telephone: +39 0331 66 36 63
Fax: +39 0331 30 18 75
Sita:
Background
(definitions)

Click below for data links:
CGT-LOGO
CGT-RELAUNCH-JUL09

Formed and started operations in 2006. International, charter, cargo, jet airplane services.

Address:
Via del Gregge 100
I-21015 Lonate Pozzoto (VA), Italy

ITALY (ITALIAN REPUBLIC) WAS ESTABLISHED IN 1861, IT COVERS AN AREA OF 301,268 SQ KM, ITS POPULATION IS 58 MILLION, ITS CAPITAL CITY IS ROME, AND ITS OFFICIAL LANGUAGE IS ITALIAN.

April 2006: Founded by Air Logistic Holding, wholly owned by German equity group Syntek Capital (59.8%), and Tristar, an investment company owned by the carrier's founders (40.2%).

May 2006: DC-10-30F (47843, N331FV) at Zurich (see photo).

July 2006: CargoItalia (CGT) is inaugurating service from Milan Malpensa (MXP) to Houston's Bush Intercontinental (IAH) this month. The airline will operate 2 weekly cargo flights, departing (MXP) on Thursdays & Saturdays and (IAH) on Thursdays & Sundays, using a DC-10-30F Freighter.

February 2007: CargoItalia (CGT) opened new connections to the China market, including two round trips per week between Shanghai and Milan, via Bombay and Madras. The Asian market includes two weekly frequencies to Osaka, Japan, Bombay and Madras in India and three per week to Dakka, Bangladesh. In the European market, (CGT) connects with Barcelona and Munich.

September 2007: Stan Wraight, Chairman, ex-AirBridge Cargo (ABC).

October 2007: 2 727-200Fs, Tradewinds (TWX) wet-leased. First flight of the 747-200F was Milan Malpensa - New York - Chicago. (CGT) North Atlantic flights include New York, Chicago, Houston and Mexico City destinations.

November 2007: Air Logistic Holding Srl, the controlling shareholder, is a company belonging to the Syntek Capital AG group, which numbers among its shareholders some of the historic names of Italian and European industry, including the Moratti group, the Falck group and the De Agostini group.

Syntek Capital is an investment company founded in 2000 and active in the media and high-technology sectors.

Tristar Srl is a company which numbers among its founding partners Massimo Panagia, who is directly involved in the management of the company as CEO & Managing Director, and Giuseppe Letizia, who is a founder and acted as CFO in the first year of operations.

Plans to take delivery of 3 747-400Fs during 2008.

October 2008: Start-up Italian cargo carrier, Alis Aerolinee Italiane announced the acquisition of CargoItalia (CGT). After completion of the acquisition, (CGT) operations were suspended pending reorganization. Alis Aerolinee Italiane consisted of former Alitalia Cargo division employees.

May 2009: Cargoitalia (CGT) took delivery of the first of three MD-11SF freighters, (AWAS) (AWW) leased, formerly operated by Alitalia (ALI) Cargo and currently undergoing certification. It will enter commercial service on a twice-weekly, Milan Malpensa (MXP) - New York (JFK) - Toronto - (MXP) - Abu Dhabi - (MXP) routing. The second airplane is scheduled to arrive in July with the third before year end. The original (CGT) suspended operations last year but was relaunched under the ownership of (ALIS) (66.7%) and Intesa SanPaolo (33.3%). It recently purchased the cargo assets of Alitalia (ALI).

June 2009: ALIS AEROLINEE ITALIANE, which was created by Alcide Leali (founder of Air Dolomiti (DLA)) has acquired the Air Operating Certificate (AOC) of Cargoitalia (CGT), which was previously held by Air Logistic Holding/Syntek Capital. The revived company, based at Milan Malpensa airport (MXP), has bought Alitalia (ALI)'s cargo operation, including 3 MD-11Fs ( - - SEE PHOTO - - "CGT-MD-11F-2009-06"), (48428, EI-UPI shown).

Last year, Alis signed a Memo of Understanding (MOU) to acquire 5 A330-200Fs, plus 3 options.

July 2009: Cargoitalia (CGT) received its Air Operator Certificate (AOC) from Italian civil aviation authority (ENAC) allowing for the start of operations with its recently delivered MD-11F. (CGT), which relaunched under the new ownership of (ALIS) (66.7%) and Intesa SanPaolo (33.3%), will take delivery of a second MD-11F in the coming weeks and a third before year end. It has orders for eight A330-200Fs that will enter service beginning in 2012. The new airline is an amalgamation of the original Cargoitalia (CGT), which suspended operations in 2008, and the cargo arm of the former Alitalia (ALI).

(CGT) operated its first commercial flight with an 87% LF load factor, the reorganized airline said. The MD-11SF departed Milan Malpensa on July 25 for Hong Kong and returned via Almaty.

August 2009: Lufthansa Systems signed a five-year contract with Cargoitalia (CGT) to provide (CGT) with its Lido RouteManual navigation charts and Flight Management System data.

September 2009: Cargoitalia (CGT) launched twice-weekly, Milan Malpensa - Hong Kong freighter service aboard an MD-11SF.

MD-11F (48427, EI-UPE), (AWAS) (AWW) leased.

January 2010: Cargoitalia (CGT) said it carried 6.8 million kg of freight on 128 rotations in its first four months of service ended December 31. Load factor was 80% LF on its routes from Milan Malpensa to New York (JFK)/Toronto and Hong Kong, via Almaty. Flights to Dubai and Chicago O'Hare were added this month. It operates two MD-11SFs and will take a third in June. It has orders for five A330-200Fs plus three options.

(CGT) began serving Dubai twice-weekly, replacing Almaty as the outbound stop on its Milan Malpensa - Hong Kong service. Almaty will remain the stop on the return flight. From January 21, it will replace Toronto with Chicago O'Hare as a stop on one of its twice-weekly, transatlantic routings that also includes New York (JFK). (CGT) is scheduled to add its third MD-11F in June and expects to operate the airplane to Shanghai.

May 2010: CargoItalia (CGT) will take delivery of its third MD-11F (48766, EI-EMS), ex-Finnair (FIN), ex-(N783BC), in June with service entry in July. The freighter is a new conversion leased from Boeing Capital (TBC), and being delivered by Singapore Technologies Aviation Services Company. It has a 90-tonne payload and a forward cargo door. (CGT) said it plans further fleet expansion from 2012 "and is currently evaluating various airplane types to take it through its next development phase."

The newly converted MD-11F will serve Cargoitalia (CGT)'s Milan Malpensa - Shanghai route, beginning in July.

August 2011: CargoItalia (CGT) launched weekly, Milan - Liege - Lome MD-11F service.

December 2011: CargoItalia (CGT) operates all-cargo, scheduled & charter jet airplane services from Milan Malpensa Airport (MXP) connecting the Italian market with its principal long-haul import/export destinations in North America, Southeast Asia, and the Far East.

Employees = 105.

Parent organization/shareholders: Alis Aerolinee Italiane (100%).

(IATA) Code: 2G. (ICAO) Code: (CRG) - (Callsign - WHITE PELICAN).

Main Base: Milan Malpensa Airport (MXP).

January 2012: CargoItalia (CGT) has suspended all operations on December 21 due to financial difficulties. It had operated three MD-11F freighters on scheduled cargo services from its Milan Malpensa base.

Fleet:
(definitions)

Click below for photos:
CGT-DC-10
CGT-MD-11F-JUN09

January 2012:

0 747-200F, (TWX) WET-LSD. RTND. FREIGHTER.

3 ORDERS 747-400F. FREIGHTER:

1 DC-10-30F (CF6-50C2) (335-47843, /80 N331FV, (SEE PHOTO)), ROTOR TRADE LSD 2006-05. FREIGHTER.

3 MD-11F (CF6-80C2D1F) (468-48426, /92 EI-UPA; 471-48427, /91 EI-UPE 2009-09; 474-48428, /91 EI-UPI - - SEE PHOTO - - "CGT-MD-11F-2009-06;" 600-48766, /96 EI-EMS, 2010-06), EX-(ALI), (AWW) LSD 2009-05. 48426; RTND (AWW) & LST (TWX) 2009-09. FREIGHTER.

5/3 ORDERS A330-200F, FREIGHTER:

Management:
(definitions)

Click below for photos:
CGT-CEO
CGT-CFO
CGT-CHMN NOV07
CGT-HR DIR
CGT-LETIZIA
CGT-MGMNT
CGT-VP FLT OPS
CGT-VP GRD OPS
CGT-VP ME
CGT-VP PERS

STAN WRAIGHT, CHAIRMAN EX-(ABC)/(VDA)/(KLM)/(TLS) (2007-09).
September 2007: If there is one thing Stan Wraight likes doing it is starting up an airline. And he’s doing it again, for the fourth time.
The cargo industry veteran is now in Italy where he is Chairman of CargoItalia (CGT), a Milan Malpensa Airport based, all-cargo carrier, that is seeking to make a name for itself in Europe’s competitive freight market.

Wraight hit the ground running at (CGT) in early September, bringing his deep experience in the cargo business and a rich contact book, to the Italian outfit after several years at Volga-Dnepr (VDA) Group. While at the Russian firm, which has made its name carrying outsize freight on its fleet of Antonov An-124s, he was instrumental in taking (VDA) into the scheduled freight world with the launch of AirBridgeCargo Airlines (ABC).

“The timing was right for me to leave. (ABC) is well established and is in good shape to be successful,” he says, with a good management team, business plan and fleet in place. Wraight was approached by (CGT)’s owners, the Syntek Capital group, and the founder of the carrier ex-Alitalia Cargo Head, Massimo Panagia, to give it a strong figurehead.

Syntek, with its connections to some powerful Italian industrial families, is privately owned and made up of long-term investors. “They are looking at [(CGT)] as an industrial business rather than as venture capitalists,” says Wraight. The carrier is fully-capitalised with zero debt, he adds. All of these points were critical to Wraight’s decision to come on board, and he is up for the challenge. “It’s like starting all over again – I’m doing what I love: helping to get a business off the ground, growing it, getting airplanes and positioning it as a player in the industry,” he says.

Milan has two advantages as a base for a new cargo player, he believes. Firstly, Malpensa is underserved by direct air service. Secondly, flying cargo into Milan means forwarders can “knock a day off everyone’s transit time,” because the trucking time from cities like Amsterdam, Frankfurt or Paris to northern Italy is avoided. Alitalia (ALI)’s recent announcement that it is pulling down service at Malpensa is an added bonus.

(CGT) is aiming to air freight cargo from the industrial heartland of northern Italy and southern France, as well as looking to extend its reach into Hungary and countries like Egypt and Israel. Initially, it will connect cities in these countries to Milan with its sole DC-10.

The carrier began operating in April 2006 with the DC-10F and an MD-11F. It is concentrating on offering scheduled services, with the DC-10F predominantly operating to the Gulf and India, while the MD-11F flies to India and Shanghai.

Already (CGT) has built up a following amongst the large logistics firms like Panalpin and Schenker as well as Italian forwarders, says Wraight. It is making an impact in the market with trucking volumes from northern Europe to Italy falling by a third since the carrier began operating.

In October, the carrier took delivery of two Boeing 747-200s wet-leased from Singapore’s Tradewinds. These will operate to North America on routes to Atlanta, Chicago, New York (JFK), Houston, and to Mexico, says Wraight.

“The board has asked me to focus on a strategic partnership [for (CGT)] and to establish and stabilize the fleet for the growth, the airline wants to see,” he says. The need to find a partner, is similar to the job Wraight did for (ABC), which saw it forge a deal with Japanese all-cargo carrier Nippon Cargo (NCA). The partner for (CGT) should either be another all-cargo player or a passenger carrier with a serious freighter operation. “It would have to be an airline, which has cargo as a core business,” he says. “We want to share hubs, share capacity and develop together.”

The two carriers would provide capacity to each other. “I see a definite benefit in helping to lower costs, by sharing routes and mutually growing business, by operating each other’s networks,” he says.

Another of Wraight’s immediate tasks is to source 747-400F freighters. “We want to get something done by the end of 2008,” he says. The earliest a pair of 747-400Fs could be obtained, is during the first quarter of next year, but more likely by the third quarter. The plan is to retain the 747-200s in addition to the more modern 747s once they are added to the fleet.

Wraight has worked in the business for his entire career, starting with (KLM) when aged 18. He led (KLM)’s cargo push into Asia in the 1990s, worked with Atlas Air (TLS) founder, Michael Chowdry on growing that cargo operator from six to 52 airplanes in just four years, in late 1990s, and founded Volga Dnepr (VDA)’s scheduled freight carrier (ABC).

He was officially named as the Chairman of (CGT) in early September. Wraight was asked to continue with (VDA) in a consultancy role but he declined. “I turned it down, because I saw it as a conflict of interest,” he says. Currently, his all-consuming interest is to help get (CGT) strongly off the ground.

ALCIDE LEALI, PRESIDENT & CHIEF EXECUTIVE OFFICER (CEO).

MASSIMO PANAGIA, CHIEF EXECUTIVE OFFICER (CEO) AND MANAGING DIRECTOR. ALSO FOUNDER. EX-(ALI). RESIGNED.
Massimo Panagia is the founder of Cargoitalia (CGT) as well as its CEO and Managing Director. Since 1999, he was the Managing Director of Alitalia (ALI) Cargo. He worked in the air cargo sector for 12 years and he has also chaired the Freight Leader Club, the most important Italian Logistics and Intermodal Transport Association.
After graduating in Economics and Business at “Federico II” University of Naples, he went on to attend a Master in Business Administration at Massachussetts Institute of Technology in Boston.
He collects comics from the 60s, and loves motorbike racing and mountain trekking.

GIUSEPPI LETIZIA, FOUNDER & MEMBER OF BOARD OF DIRECTORS - PROCESS & INFORMATION TECHNOLOGY (IT).
After graduating in Economics and Business at “Federico II” University in Naples, he started his career in 1995 in the Finance division of Aeritalia, working on planning and assessment of New Initiatives. He subsequently worked for 12 years in the Company Consultancy division of Arthur Andersen. In 1996, he set up FGM SrL, a consulting company specialized in the Finance and Control sector. Founder and CFO, of Cargoitalia SpA (CGT) in the company's initial launch phase, and currently member of the board of directors, supervisor of the Information Technology (IT) and Process Engineering division. In addition to a love for numbers, his interests include sailing in the Mediterranean sea, hunting round bric-a-brac markets and jogging in Rome's parks.

MICHELE DI BARI, CHIEF FINANCIAL OFFICER (CFO).

NICOLA STEFANINI, CHIEF FINANCIAL OFFICER (CFO) (2005-08), RESIGNED.
After graduating in Electronic Engineering at “La Sapienza” University in Rome, he joined Ericsson Telecommunications in 1993 as a System Engineer, working mainly on research and development in their Stockholm office. In 1998, he completed a Master in Business Administration at Manchester Business School and entered the financial sector, joining McKinsey & Co London as an associate. In 2000, he became Investment Director for Syntek Capital and in 2002, CFO in Palmera. As of August 2005, he has been the Cargoitalia (CGT) CFO. In his free time, he reads fiction, goes sailing, and spends time with his family, playing with his two daughters.

CAPTAIN ANGELO BOSCOLO, VP FLIGHT OPERATIONS.

CAPTAIN MARCO MARCELLI, VP FLIGHT OPERATIONS, EX-(ALI) (2004-02), RESIGNED.
An airplane Captain with a highly professional background, he worked in Alitalia (ALI) from 1969 to July 2004, when he joined the Cargoitalia (CGT) team. He was a Pilot Trainer & Controller for DC-9, MD-11 and 777 airplanes, since 1986, and he has held various positions of responsibility in the Training Centre in Fiumicino. As
DC-9 Training Manager & Director of Technical Training for Navigation personnel, he was also one of the founders of Skymaster, the flying school in Alghero. Open-minded and innovative in his understanding of the role of the crew (FC), he is considered one of the most expert members of the European crew community. In 2004, he joined the management team as Flight Operations Vice President. A lover of the sea, he spends most of his spare time diving and on short yacht trips with his family.

EZIO COLOMBO, VP ENGINEERING & MAINTENANCE, ex-(ALI)/ALS)/(LAL) (2005-11).
After graduating in Engineering at 'Il Politecnico' University of Milan, he joined Alitalia (ALI)'s Flight School in Alghero in 1980 as Structures & Systems Engineering Director. In 1984, he moved to Meridiana Airlines (ALS) in Olbia, and for ten years, he held positions of increasing responsibility in the Maintenance & Engineering sector. In 1994, he became Technical Operations Director/Postholder Maintenance in Lauda Air Spa (LAL). As of November 2005, he was Cargoitalia (CGT) Engineering Director, and after one year, he become Engineering & Maintenance Vice President.
He is a lover of model making, bricolages and restorer of furniture; in his spare time, he dedicates himself to his passions: reading, swimming, and skiing.

FELICE CAMPI, VP GROUND OPERATIONS, EX-(ALI), (2004-02).
One of the most qualified managers in the air logistics sector, after joining Alitalia (ALI) in 1967, he held various positions in the Commercial & Operative divisions, as Head of Relationships with Cargo clients, Commercial Director for the Middle East and for Italy, and (ALI) Cargo Ground Operations Director. In 1992, he was appointed Director of the Cargo Operative Processes Total Quality project, and between 1996 and 1999 he managed the Milan Malpensa Airport Opening project for Alitalia (ALI) Cargo. He was an (ENAC) Board Participant for the National Safety Programme in 2002, and was Ground Operations Alitalia (ALI) Post Holder in 2002/03. He joined Cargoitalia (CGT) in 2004 as Ground Operations Vice President. Roman by adoption, but Neapolitan by birth, he maintains a passion for Neapolitan theatre.

LUIGI DI BIANCO, VP PERSONNEL, LEGAL & INSTITUTIONAL AFFAIRS, EX-(KLM)/(ALI) (2004-09).
After graduating in Law at “La Sapienza” University in Rome, Luigi di Bianco set out on a brilliant career in the Human Resources (HR) Management sector. In 1986, he joined Alitalia (ALI), holding positions of increasing responsibility in the (HR) sector, until finally becoming (HR) Director of divisions/companies of the Group.
He was also one of the managers of the (KLM)-(ALI) Cargo Joint Venture, where he was (HR) VP. He joined the Cargoitalia (CGT) team in September 2004, and is one of its most enthusiastic promoters.
More a lover of sailing than of flying, whenever possible, he takes to the waves aboard the 12 metre “Mercuzio”.

MASSIMO ROCCASECCA, VP EUROPE, MIDDLE EAST & AFRICA (EMEA) REGION, EX-(UPS)/(TNB)/(ALS)/(STM) (2005-06).
After graduating in Political Science at “Statale” University in Milan, he has wide-ranging experience in the logistics sector. In 1989, he began his professional career in (UPS), where he was Commercial Director until 1995, when he became Global Account Manager for (TNT) Worldwide (TNB). In 1998, he became Head of Cargo Services for Meridiana (ALS) in Olbia, and in 2001, joined Alitalia (ALI) as Trade Development Manager for the Italo-Swiss market, later becoming Marketing Director of the Skyteam Alliance (STM) in the USA. In June 2005, he joined with great enthusiasm the Cargoitalia (CGT) team as Vice President for Europe, the Middle East and Africa. A lover of sailing and diving, in his spare time, he teaches football to children in Milan.

ALEXANDER MOLLER, VP AMERICAS REGION, EX-(ALI), (2005-12).
After 2 years of economics studies at Copenhagen University in 1985, he joined Alitalia (ALI), where he covered various positions in passenger and operational functions. In 1990, he was promoted to Cargo Sales Manager for Denmark, and in 1993 was responsible for all of Scandinavia. In 1995, he moved to Italy, where he held key management position in the Italian market. In 2000, he became Marketing & Sales Director for (ALI) Cargo in the USA.
In December 2005, he joined the Cargoitalia (CGT) team as Vice President for the Americas Region. A great fan of soccer, he enjoys spending time with his kids and playing basketball.

SERGIO PERSICO, VP ASIA REGION, EX-(ALI) (2004-09).
After graduating in Sociology at “La Sapienza” University in Rome, he joined the Italian Navy, where he was an officer from 1963 to 1979.
He joined Alitalia (ALI) in 1970, working in the operational cargo office, and subsequently developed his skills in Head Offices, working in Products & Budget Control. After becoming Sales Director for Japan and Korea, he built up vast experience in foreign markets: In 1991, he was made Regional Cargo Sales Director for Thailand and in 1995, Director of the China Project, dealing with starting up all-cargo operations in Shanghai. From 1997 to August 2004, he was Far East Regional Sales Director in Hong Kong. In September 2004, he joined the Cargoitalia (CGT) founding group. He spends his spare time between the green of the golf courses, and the red of the tennis courts.

CESARE MOREIRA, SALES VP ITALY, EX-(KLM)/(UPS)/(EAD).
Cesare, after coming to Italy with his family in 1975, started working for an English company leader in the marine fitting supplying for shipyards as a sales executive. After almost 10 years, he moved to (KLM) GSA, where he spent four years in the operational area as a supervisor. In late 1990, he decided to move to (UPS) to get the opportunity to increase his own work experience covering the position of Business Development, getting the chance to see the business from an integrator perspective. In 1992, before Emirates (EAD) started operating in Italy, with his challenging attitude, he decided to start working with the company at (FCO) airport as a Cargo Controller. After two years, he became Cargo Manager, Italy, covering the position for 13 years, before moving to Cargoitalia (CGT).

NOBLE VAZ, SALES VP INDIAN SUBCONTINENT, EX-(ALI)/(AIN)/(AFA). (2005-09).
He has an extraordinary experience of almost 40 years in the aviation business, of which more than 20 years was in the cargo sector. After graduating in mathematics at the ”University of Bombay,” he started working for Air-India (AIN). After an experience with Air France (AFA), he worked uninterruptedly for Alitalia (ALI) since 1974, at first in the Passengers division, and then in the Cargo sector. In September 2005, he was called by Massimo Panagia to join the CargoItalia (CGT) Team. He loves animals, in particular dogs, reading, and practicing yoga.

KOICHI TANIKAWA, SALES VP JAPAN & KOREA, EX-(ALI) (2006-02).
He was born in Tokyo, Japan on July 10, 1948. He studied English literature at Seikei University in Tokyo. After 23 years experience with a Japanese freight forwarder in Tokyo, Los Angeles, San Francisco, Osaka and Hong Kong, he joined Alitalia (ALI) Cargo as Regional Manager for Japan and Korea in 1995. In 2006, he joined the Cargoitalia (CGT) team as Sales VP Japan & Korea. A lover of golf and baseball, in his spare time, he adores the soccer game with his family (wife, two sons, his daughter, and the dog).

JEAN CHEN, SALES VP CHINA & HONG KONG, EX-(ALI) (2006-11).
In 1991, after graduating from Shanghai University of Finance & Economics, with a bachelor degree in Economics, Jean started her first job with an Import and Export Co-operation. Then she joined Alitalia (ALI) Cargo in June 1995, when (ALI) started the first freighter out of Shanghai, and in 1997, was promoted to General Manager for China. As of November 2006, she has been Cargoitalia (CGT) Sales VP China & Hong Kong. In her spare time, she likes reading books and she enjoys seeing her son playing in the garden.

FLAVIA MIRABELLI, HUMAN RESOURCES (HR) DIRECTOR EX-(ALI) (2005-01).
Flavia's professional career started in Alitalia (ALI), where she began working in 1986. In 1994, after graduating in Literature and Philosophy at “La Sapienza” University in Rome, and attending a Master in Human Resources (HR) Management, she began working in (HR), initially in the Passenger Division and subsequently in the Cargo Division. In 2003, she became (HR) Management & Development Director of Alitalia (ALI) Cargo. In January 2005, she joined Cargoitalia (CGT) as (HR) Director. A lover of modern art and cinema, she dedicates her few free moments to reading literature and non-fiction.

 
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