Virgin Atlantic Cargo axes Shanghai route over cost concerns
Not even boundless volumes of ecommerce could save Virgin Atlantic’s Shanghai route, as higher costs ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Another sad nail in the coffin for a Russia-affiliated freighter airline. Almost as quickly as it arrived, Cargologic Germany has departed, having been declared insolvent.
Owned, ultimately, by Russia’s Alexey Isaikin, also founder of Volga-Dnepr Group, the Leipzig-hubbed carrier was banned from European airspace in March, leaving its fleet of four 737Fs grounded. Appeals that it is not in fact Russian, fell on deaf ears in Germany. DVZ reports, (via Air Cargo News).
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