M&A radar: MSC & Lufthansa go for legacy Alitalia – just sublime
Up, up and away! Nothing better than this…
So pre-Christmas press reports are true: James Hogan, the authoritarian chief of Etihad, is set to leave in the second half of 2017. He takes CFO James Rigney with him to an unnamed investment company.
The move comes following concern over the carrier’s strategy and investments in Europe, in particular at Air Berlin and Alitalia. Job losses are expected at the Abu Dhabi carrier. You can read the carrier’s press statement here.
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
Carriers react quickly to transpac demand surge, but rates remain muted
ONE opts for South Korean newbuilds to avoid hefty US port fees
New services and reinstated blanked sailings boost transpacific capacity
Congestion fear as US west coast ports brace for transpacific cargo surge
News in Brief Podcast | Week 21 | GRIs and European port congestion
$2.1bn E2open purchase will 'catapult WiseTech into a different dimension'
Air forwarders face financial uncertainty – but 'there are opportunities'
Comment on this article
KEVIN MONTEATH
January 24, 2017 at 4:00 pmWhen you have the cash flow in abundance to acquire, stop to think what will be the repercussion backlash? Should have done more for the carrier with what’s available.
It was a wrong move from inception! Time to move on.