Qatar's Guillaume Halleux takes on Swissport CCO role
Guillaume Halleux has left Qatar Airways Cargo, as exclusively reported by The Loadstar in June ...
Airlines affiliated with Chinese conglomerate HNA Group, owner of Swissport and multiple aviation and logistics businesses, are delaying aircraft lease payments as a result of liquidity issues at the group, reports Reuters. Payments have been delayed for more than two months in some cases, according to lessors.
HNA, which has been linked to numerous acquisition targets, after its $50bn spending spree over the past two years, is majority owner of Frankfurt Hahn, cargo airline Suparna, (formerly Yangstze River Express) and Singapore logistics company CWT – among many others. It has scaled back plans since last June, when the Chinese government told banks to review their exposure to the group. It was reported in September that Swissport had been providing short-term loans to sister companies in the group, raising investor concerns. Its flagship airline, Hainan Airlines, suspended share trading on January 10, pending an announcement.
More box ships diverting to Suez Canal routes as Panama restrictions tighten
OOCL box ship in Red Sea hit by rocket fired from a drone
Maersk diverts two vessels from Middle East region over attack fears
Failure of GRIs means a tough time for carriers in new-contract talks
Deep Dive Podcast: The battle for control of Germany’s container ports
Box lines plot a course for Indian trades as the economy grows
Carriers set course for new shores in search of profitable growth
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