M&A radar: MSC & Lufthansa go for legacy Alitalia – just sublime
Up, up and away! Nothing better than this…
Sorry to lump two fairly unrelated air stories together here – but both caught our eye this morning. Alitalia has stared to unveil its new long haul services, no doubt meaning that cargo competition out of Malpensa is on its way to becoming quite heated. Its first routes are to Seoul, from Rome, and to Shanghai and Beijing from Milan. More are expected in the revitalisation plan agreed, no doubt, with new shareholder Etihad.
Talking of Etihad (there’s the link) – the US/Middle East airlines war of words just got worse. Delta’s Richard Anderson provocatively linked the 9/11 terrorist attacks with the Gulf carriers, saying that there was an “irony” about the provenance of the terrorists and the complaints about ensuing subsidies from rival, ‘subsidised’ airlines. It’s a weird link, to be sure. But Qatar’s Akbar Al Baker, among others, was quick to retort, asking whether Delta had “forgotten that in 2001 the US government contributed nearly $5bn in aid to the airlines and an additional $10bn in loan guarantees. What is this called? Is it called a donation or is it called a subsidy?” A fair point.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Hong Kong drops out of world's top 10 busiest container ports
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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