Flexport's newly liveried aircraft back in service as business looks up
Flexport expects to see its first flight today of a newly liveried aircraft, the second ...
Atlas Air, which on Friday finally consummated its merger with an Apollo-led group of investors, has seen an immediate board change: only two directors remain, CEO John Dietrich and Walter Borst, while the others, including three women, have left.
The new board includes just one woman, Betsy Atkins, who also appears to be the only member not connected to the airline’s new private equity owners.
One new director is from Hill City Capital, two are from Lehman and four from Apollo, two of whom recently had to leave the board of Sun Country, an Amazon supplier, over a possible conflict of interests.
Atlas Air was named among the Women’s Forum of New York’s 2021 Corporate Champions, in recognition of its attempt to get gender balance on its corporate board. Shareholders had expressed concern in 2018 over Atlas’s lack of diversity in the boardroom. The board is now strongly white and male.
The new members include Herbert “Chip” Frazier, William Hanenberg, Alexander Harman, Patrick Kearney, Antoine Munfakh, Jason Scheir and David Siegel.
No other job changes have been announced, but one insider said staff had been on tenterhooks for a while.
'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
Rising costs of port congestion force surcharge by Asian feeder operators
Trade growth getting stronger, but ocean freight rates stay flattish
Global airfreight volumes blooming as flower shipments take off
Comment on this article