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When one monarch dies, another steps in seamlessly to take their place. And so it seems with Challenge Group. A conversation with Yossi Shoukroun, chief executive, is very reminiscent of the Volga-Dnepr Group: talk of end-to-end logistics; special and difficult verticals; various AOCs and airlines to take advantage of different markets; ambitious fleet growth plans – and all set against a background of the groups’ HQs located in potentially politically difficult markets.

And Israel-based Challenge Group, with one airline/ AOC based ...

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