Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Despite “loss-making” airfreight rates offered for Hong Kong/China-US, Chinese forwarders seem optimistic that the trade ...
Image: ACE Belgium Freighters
By Alex Lennane
The row between ACE Belgium Freighters and Alaska Central Express (Ace Air Cargo) over its name is probably the least of the new Belgian operator’s problems.
It emerged this week that the fledgling carrier, which received its first 747-400F from sister airline CAL in April, has come under fire from the Alaskan carrier for potentially “unfair or deceptive practices or unfair methods of competition, due to the significant potential for, or actual, confusion between the two carriers among the shipping public”.
However, as ACE ...
Comment on this article
Jonathan Holmes
May 28, 2019 at 8:08 amAs the article alludes to, what freighter operators are in financial distress this year?
We know NCA lost $145 Billion for their fiscal 2018 (ending March 31st). But that is due to some extraordinary circumstances. Who are the big losers so far in 2019?
Alex Lennane
May 28, 2019 at 11:53 amThanks for your comment – can I just check that the figure above is yen?