Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
Aeroflot and Transaero are to merge after the national carrier’s board voted to buy 75% plus one share of the country’s second carrier. Transaero has debts amounting to some $990m, so Aeroflot is expected to pay just one ruble for the stake. It will likely give the combined carrier a 50% share of the domestic passenger market. Transaero said in a statement it had been hit by a “perfect storm” of the ruble’s devaluation, and high payouts on foreign currency loans for its expanded fleet. But the combined carrier could be boosted by rivals leaving the market. Finnair is to suspend its services to Nizhny Novgorod next year, while Cathay and Thai have already left the market. Delta and Lufthansa have also cut services to Russia.
'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
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't chase that final dollar, warning to shippers delaying signing new contracts
Airfreight contracts begin to reflect threat of a Q4 capacity crunch
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article