Air cargo carriers see a brighter year on the radar after 2023 disappoints
Airlines are posting declining revenues last year for their cargo subsidiaries, but stakeholders remain optimistic ...
Just as Lufthansa Group continues to haggle over the price of a major stake in Italy’s ITA Airways, comes the news that it may need all the cash it can get: it is being sued for $1.1bn. A former potential investor in Austrian Airlines offered to take a 20% stake when the carrier was struggling in 2008. However, he withdrew his offer after Austrian published unexpectedly poor financial results. Later, Lufthansa acquired the carrier, but Austrian has continued to sue the Saudi-born businessman. However, the 15-year legal battle has vindicated the investor, who now plans to sue for compensation for “business and reputational damage”, amounting to more than €1bn. CH Aviation reports.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Iran may now pose a threat to multimodal supply chains via Dubai
Capture of MSC Aries will further drive up Indian export costs
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