CBP won't be ready for flood of extra processing after de minimis pause
Preparing US customs systems for the end of the US de minimis exemption on imports ...
© Studioportosabbia
By Alex Lennane
Financial problems at Chinese conglomerate HNA Group appear to be cascading through its logistics subsidiaries – and airline suppliers.
As it was reported that the group had put $11bn in property assets up for sale, subsidiary Swissport said it had extended its loan terms to its parent company.
HNA has repaid €83m of its €360m loan from Swissport, but the terms of repayment have now been extended for an unspecified period.
And Swissport is not the only logistics company that has had to wait for money ...
Comment on this article