'Desperate' GRIs by carriers prop up Asia-Europe spot rates, for now
Container shipping lines on the main east-west trades this week managed to reverse 15 weeks ...
Photo: Vincenzo Gentile
By Alex Lennane
In a perhaps surprising development, Lufthansa and MSC appear to have been rebuffed in their joint attempt to take on 80% of ITA Airways – while Delta and AF-KLM (now connected, of course, to CMA CGM) have been picked instead. The preferred group, led by US private equity fund Certares, hopes to take on 60% of the carrier. Lufthansa, meanwhile, said it still thought its offer was the “better solution”. Reuters reports.
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