CMA CGM to launch China-Mexico express shipping service
More evidence of the burgeoning direct trade between China and Mexico was on show yesterday ...
THE FINANCIAL TIMES reports:
Italy is in exclusive talks to sell a controlling stake in ITA Airways, the successor company to bankrupt Alitalia, to Delta Air Lines, Air France-KLM and US private equity firm Certares.
The three placed one of two bids in May for the acquisition of ITA Airways. In a statement on Wednesday the Italian Treasury, which controls the business, said this offer was deemed “more respondent to [the government’s] objectives”.
It added that a binding agreement would be reached only if the negotiations fully satisfied the Treasury.
The latest offer comes after Germany’s Lufthansa and Swiss-Italian shipping conglomerate MSC had expressed interest in acquiring a majority stake. They were deemed the preferred contenders until this week, when Delta Air Lines, Air France-KLM and Certares returned with an improved offer, according to people close to the situation.
To read the full post, please click here.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article