Airlines add transpac capacity as flood of ecommerce traffic continues
Airlines are boosting their transpacific capacity in the face of continued strong ecommerce volumes. Etihad Cargo ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
Ch-aviation reports:
Etihad Airways (EY, Abu Dhabi International) aims to incrementally increase its fleet to around 150 aircraft within five years, up from around 80 now, CEO Antonoaldo Neves told Reuters at an event in the United Arab Emirates this week. While existing aircraft orders will supply much of that increase, Neves said Etihad may need to place an additional small order.
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Meanwhile, Abu Dhabi sovereign wealth fund ADQ is pushing on with its bid to take Etihad public by the end of the year. ADQ hopes to raise as much as USD1 billion from the IPO and is keen to tap into strong demand from local and international investors for stakes in Gulf-based state-owned entities and a fast turnaround in Etihad’s financial fortunes…
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