Temu and DHL join forces to expand non-US ecommerce sales
Chinese ecommerce seller Temu looks as if it is already diversifying away from the US ...
By Alex Lennane
Atlas Air, which last week announced it is to buy rival Southern Air, is remaining tight-lipped about plans for aircraft acquisitions, but commented that Southern’s “operating platform” was its best asset.
Southern Air operates five 737-400Fs and five 777Fs on behalf of DHL, while its Florida West subsidiary operates three 767Fs for Latam.
The all-cash deal would be for $110m, and the buy is expected to add approximately $100m to Atlas Air’s annual revenues, which were $1.69bn in 2014.
“The most attractive part of Southern Air is ...
Comment on this article