Korean Air Cargo 747 breaks loose in Anchorage and hits FedEx truck
A Korean Air 747 freighter has broken loose at Ted Stevens Airport in Anchorage, causing ...
Hanjin – or rather, its customers – has received a small lifeline after its biggest shareholder Korean Air provided Won50bn ($54m) in new loans. The money will be used to relieve the supply chain disruptions, and enable more cargo to be unloaded. The longer the delays, the more debt Hanjin will face, as it must return its ships to the charterers – fees amount to about $2m a day. Despite the payout, which may be matched by Korea Development Bank, Hanjin’s ability to continue to operate in the future remains in doubt, reports Bloomberg.
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