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The spirit of Panalpina is gone. Both the aircraft, and the spirit. But, to paraphrase a Premium headline this week, the decision makes DSV sexy? Hardly. It’s finance fluff.

As any proper air cargo enthusiast will tell you, having an aircraft may not look good on the bottom line, but it sure is sexy. And it was Panalpina’s USP, a point of pride for the whole air cargo industry. It underlined the importance of freighters, in a way that airlines, with ...

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