Forwarders face margin squeeze as growth cools and disruption persists
The global freight forwarding market is still growing, but the industry’s easy gains appear to ...
By Alex Lennane
Delayed regulatory approval has pushed back plans for Air Incheon to take over Asiana Cargo. According to AlphaBiz, the European Union and Japan have yet to approve the final deal, which may now not be completed till August.
The takeover includes 11 cargo aircraft and some 800 employees, valued at ₩470bn ($356.5m). Once it is fully approved, Air Incheon is expected to open new routes, including to the US.
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