Air cargo round-up: Cainiao into Liege; Lufthansa upgrades
Alibaba’s Cainiao arm has charted a Georgian Airlines 767-300F for twice-weekly flights between Xi’an in ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
Alibaba and its logistics arm, Cainiao, are to part with $1.38bn for a 10% stake in express operator ZTO. Expected to close in early June, the deal will help bolster both companies’ participation in the last-mile market. TechCrunch reports that the move will “marry the speed and ease of e-commerce, with the advantages of brick and mortar”. Cainiao said it would enable it and ZTO to “supercharge joint innovation and development”.
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