Ecommerce and electronics traffic give Cathay Cargo results a lift
Cathay Cargo’s 2024 results were boosted by ecommerce and electronics, giving it a 11% hike ...
Air China is looking to sell a 51% stake in its Air China Cargo business. According to a report in Reuters, a “sister unit” of the Shanghai-based carrier will be making the acquisition, parting with roughly $354m in the process. The flag carrier said the decision had been made – despite improving profitability – because of “intensifying competition”, uncertainties in international trade and exchange rate fluctuations. While other shareholders, including Cathay Pacific, have priority when it comes to purchasing or selling ...
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