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 ...
WTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH ITPLD: DEAL TIMEKNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINES
WTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH ITPLD: DEAL TIMEKNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINES
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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