T’way targets more cargo business ahead of KAL-Asiana mega-LCC take-off
South Korea’s T’way Air is targeting more air freight business as the first low-cost carrier ...
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By Alex Lennane
Another day, another bit of M&A. Today’s news is that the UK’s Cardinal Global Logistics has made a “strategic investment” in Australia’s Seabridge to boost its presence in Australia and New Zealand and support trade links with Asia. Cardinal has worked with Seabridge for the past five years. The Australian forwarder has five domestic locations and opened in Auckland last year.
Brian Hay, Cardinal group CEO, said it had only bought one company in its history, 20 years ago. “Delighted to have got this one over the line,” he said. The Business Desk reports.
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