A block space agreement is the purchase of agreed capacity, and buyers can bid for, buy out right, or block space from the holders of a BSA electronically using Airblox’s eBSA.
Edip Pektas, Founder of Airblox, says it has created the world's first digital cargo capacity exchange where capacity can be traded as eBSAs.
He says, “As the leading French air broker with over 26 years’ experience in chartering, Avico is a perfect fit to join our growing community of airlines, General Sales Agents, and freight forwarders benefitting from our air cargo capacity.”
Users can arrange an eBSA by submitting offers where the seller can review and accept the lane to the bidder of their choice.
They can buy space, or block space, reserving single or multiple lanes for a partial premium of the purchase price set by the seller.
Sebastien Drieu, Cargo Director of Avico, says, “We are aiming to optimize the capacity we are chartering and create value on otherwise empty legs on behalf of our customers across the air freight community, even for ad hoc flights.”
He adds, “If we charter a freighter to transport oversized cargo, for example, our customers will benefit from us being able to make use of capacity, which would otherwise not be used. At the same time we are creating new opportunities for the airfreight community worldwide and adding value to the market.”