FT: Mediterranean ports warn of overflowing storage yards in latest threat to supply chain
THE FINANCIAL TIMES reports: Container ports around the western Mediterranean are nearing full capacity, raising the ...
THE FINANCIAL TIMES reports:
Italy is in exclusive talks to sell a controlling stake in ITA Airways, the successor company to bankrupt Alitalia, to Delta Air Lines, Air France-KLM and US private equity firm Certares.
The three placed one of two bids in May for the acquisition of ITA Airways. In a statement on Wednesday the Italian Treasury, which controls the business, said this offer was deemed “more respondent to [the government’s] objectives”.
It added that a binding agreement would be reached only if the negotiations fully satisfied the Treasury.
The latest offer comes after Germany’s Lufthansa and Swiss-Italian shipping conglomerate MSC had expressed interest in acquiring a majority stake. They were deemed the preferred contenders until this week, when Delta Air Lines, Air France-KLM and Certares returned with an improved offer, according to people close to the situation.
To read the full post, please click here.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Cargo flows through Dubai delayed by flooding, with 300 flights cancelled
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article