IATA fights back as India hits major foreign airlines with tax evasion allegations
Foreign airlines operating out of India are in the crosshairs of its regulatory authorities over ...
TGT: UP SHE GOESFWRD: TALK OF A SALE R: AI DRIVEWMT: JD STAKE SALEWTC: EBITDA MARGIN FOCUSWTC: FLYING HIGHTSLA: DUTY-BOUNDUPS: NO FAITH NO MORELOW: DISAPPOINTING INTERIMS FWRD: RALLYING DSV: STILL AT 'LUND DAY ONE' LEVELSZIM: BEARISH DESPITE THE RALLY BA: NOT AGAINGM: JOB CUTSZIM: SURGING ZIM: TAX RATE UPSIDEZIM: USE OF CASH UNDER SPOTLIGHT
TGT: UP SHE GOESFWRD: TALK OF A SALE R: AI DRIVEWMT: JD STAKE SALEWTC: EBITDA MARGIN FOCUSWTC: FLYING HIGHTSLA: DUTY-BOUNDUPS: NO FAITH NO MORELOW: DISAPPOINTING INTERIMS FWRD: RALLYING DSV: STILL AT 'LUND DAY ONE' LEVELSZIM: BEARISH DESPITE THE RALLY BA: NOT AGAINGM: JOB CUTSZIM: SURGING ZIM: TAX RATE UPSIDEZIM: USE OF CASH UNDER SPOTLIGHT
Leisure Cargo, the GSSA which runs the cargo operations for some 14 leisure and low-cost carriers, has been taken over by Berlin’s Zeitfracht Group, following the collapse of parent Air Berlin. Zeitfracht is a medium-size logistics company with a trucking network throughout Europe. As CargoForwarder notes here, it will have its work cut out. Air Berlin used to account for some 20% of Leisure Cargo’s operations, but as the long-haul routes wound down this declined to some 10%. The new owners will need to find new contracts to make up for the capacity loss. And with Air Berlin looking likely to be carved up between Lufthansa and easyJet, there’ll be no room for Leisure Cargo at either airline.
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