M&A radar: MSC & Lufthansa go for legacy Alitalia – just sublime
Up, up and away! Nothing better than this…
So pre-Christmas press reports are true: James Hogan, the authoritarian chief of Etihad, is set to leave in the second half of 2017. He takes CFO James Rigney with him to an unnamed investment company.
The move comes following concern over the carrier’s strategy and investments in Europe, in particular at Air Berlin and Alitalia. Job losses are expected at the Abu Dhabi carrier. You can read the carrier’s press statement here.
Ecommerce air traffic to US set to grind to a halt as de minimis exemption ends
Maersk u-turn as port congestion increases across Northern Europe
Apple logistics chief Gal Dayan quits to join forwarding group
Widespread blanked sailings stave off major collapse of transpacific rates
Transpac rates hold firm as capacity is diverted to Asia-Europe lanes
Airlines slash freighter capacity post-de minimis, but 'the worst is yet to come'
Houthis tell Trump they will end attacks on Red Sea shipping
MSC revamps east-west network as alliance strategies on blanking vary
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
India-Pakistan 'tit-for-tat' cargo ban sparks sudden supply chain shocks
Gemini Cooperation carriers steam ahead of rivals in reliability stakes
Containership charter market feels the ripples from trade tensions
Changing shipment origin won't wash: US CBP turns away whole truckloads
Expeditors reports healthy growth in a 'frenzied landscape of tariffs'
Tariff on imported products for drugs would be hard for US pharma to swallow
Atlas Air stays bullish on US change: 'we're flexible, we can fly to other markets'
Comment on this article
KEVIN MONTEATH
January 24, 2017 at 4:00 pmWhen you have the cash flow in abundance to acquire, stop to think what will be the repercussion backlash? Should have done more for the carrier with what’s available.
It was a wrong move from inception! Time to move on.