News / Fury in China as 'greedy' airlines capitalise on market turmoil to raise rates

© Cougarsan

China’s master co-loaders have accused airlines of “greed” and “sneaky practices” following the breaking of BSA contracts.

While they acknowledge that additional GRIs and surcharges on top of their rates are reasonable in the current market, they are far less sympathetic to the sharp practices many airlines have indulged in since August in a bid to raise rates by three or four times the amount agreed.

“The master co-loaders make year-round or seasonal BSA deals, with the agreement based on ULD allotment on individual flight numbers,” explained Christos Spyrou, ...