Kuehne+Nagel expands air freight network in volume-hungry Europe
Kuehne+Nagel (K+N) is eyeing greater connectivity with Europe via Frankfurt, while Central Europe’s air cargo ...
CHRW: OVERVALUEDGM: NEW BIZFDX: GROWING CAUTIOUSDHL: DOUBLE UPGRADEDSV: STOCK MARKET REACTION XOM: OIL INVENTORY WARNINGWTC: EBL DEAL DETAILSWTC: EBL DEALEXPD: 'READ MY LIPS' HON: DEALS ON THE MENUEXPD: NEW RECORD XPO: THE REBOUNDCAT: PAYOUT UP
CHRW: OVERVALUEDGM: NEW BIZFDX: GROWING CAUTIOUSDHL: DOUBLE UPGRADEDSV: STOCK MARKET REACTION XOM: OIL INVENTORY WARNINGWTC: EBL DEAL DETAILSWTC: EBL DEALEXPD: 'READ MY LIPS' HON: DEALS ON THE MENUEXPD: NEW RECORD XPO: THE REBOUNDCAT: PAYOUT UP
Well, this is an interesting development: Budapest Airport, which, pre-Covid, was pushing its cargo credentials and has invested €46m in BUD Cargo City, is in the acquisition sights of a group linked to controversial prime minister Viktor Orban. Currently owned by GIC, Singapore’s sovereign wealth fund, a Canadian pension fund and AviAlliance, it is not up for sale, but – as The Loadstar notes today – times are tough and investment is not forthcoming for the sector. But there may be some reticence to the idea of selling to Orban or his pals…Bloomberg reports.
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