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Europe’s express market is in a bit of a mess at the moment. “There are simply too many of us to make any money,” confided one European express airline to The Loadstar. “We are just holding out, hoping someone will leave the market.”

During last year’s tough times, larger integrators provided something of a lifeline to smaller charter, ACMI and express carriers. From the Middle East to Scandinavia, short-term express contracts helped prop up various airlines. But short-term contracts are exactly ...

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