Maersk denies regular clients are being pushed out by ecommerce
Maersk’s new 777 freighter offers much-needed capacity into a hectic air cargo market, but some ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
Two interesting snippets from the Dubai Air Show. The first is that Qatar, which said it wouldn’t be buying aircraft, has instead expressed interest in buying airlines. It is eyeing a 49% share in India’s only airline to have made a profit for the past seven years. Under India rules, as an airline, Qatar was not allowed to take part in Indigo’s recent IPO, so must wait until shares start trading. The airline is also “very likely” to increase its stake in IAG.
Secondly, Etihad is taking two more 777 freighters currently under option. They will complement a fleet which already has three 777Fs, three 747Fs and four A330Fs. Market sources have recently indicated that Etihad is facing challenges, including the acquisition of Alitalia, as well as falling oil prices. But CEO James Hogan said the order demonstrated Etihad’s confidence in, and commitment to, the global freight market.
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