AirBridgeCargo dropped in favour of Red Wings and Sky Gate
AirBridgeCargo (ABC) may have dodged a bullet by giving up its two planned Il-96-400Ts to ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
CargoForwarder has an interesting interview with AirBridgeCargo’s vice president Europe. While it mostly skirts around ABC’s well-documented financial problems, it does reveal its new strategic plans, which include ending non-profitable routes and focusing on higher-yielding cargo. There is little, however, on ABC’s capacity plans, other than an indication that, as expected, the carrier will defer, at the very least, the introduction of three 777 freighters into its fleet, originally slated for the new year. According to market players, there has also been a suggestion that ABC may look to cut its 747 fleet as it tries to ensure itself a stable future.
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