India is considering inviting expressions of interest to sell national carrier Air India by the end of next month as the government aims to complete the transaction this year. It will conduct roadshows as well as be open to meet prospective buyers even before the expressions of interest are sought a Bloomberg report quoted people with knowledge of the matter as saying. Read more >>
In another three months we’ll know whether the United Kingdom will have struck a final deal with the EU or whether they’ll force a so called “hard Brexit.“
The latter, despite soothing words from some of the UK’s government ministers, will surely bring much uncertainty and in the worst case chaos for a large portion of the transport
industry. Read more >>
The Central American country’s economic development has come to a near standstill, negatively impacting the entire industry including cargo carriers serving the country. This worrisome
racehorse to snail conversion is caused by both external and internal developments.
How to keep your head above water despite strong Mexican headwind is exemplified by Lufthansa Cargo. Read more >>
Luxembourg-based IT solutions provider CHAMP Cargosystems is developing technical means guaranteeing users full visibility of air freight along the entire supply chain. Core piece of the
future scheme is the constant data flow during flights from the items stowed on board an aircraft to their contractors, be it forwarders or shippers.
We spoke with Nicholas Xenocostas, VP Commercial & Customer Engagement at CHAMP about the status of this project. Read more >>
IN BRIEF - THE LATEST AIR CARGO INDUSTRY NEWS Read more >>
AirAsia’s cargo and logistics arm Teleport - previously known as RedCargo - and leading venture capital firm Gobi Partners have invested US$10.6 million in EasyParcel, a regional e-commerce and parcel delivery player, which has close to half a million users. It will use the Series B funding to expand its offering for small and medium enterprises (SME) customers. Read more >>
A new Express shipping Service connecting South-East India And Europe, dubbed IEX – will start operations next October. So will an additional Africa service, called MIAX, linking the Arabian Gulf, India, Sri Lanka, La Réunion, South Africa and West Africa. Read more >>
Being on guard duty during the best season of the year is not a desire media folks really stand in line for. But particularly this applies to journalists whose kids are not yet or no longer required to attend school, who live as a single person or because of other obvious reasons have to bite the bullet and go to work in July and August, letting colleagues enjoy vacations. For these subjugated folks Communication Chief Nils Haupt of Hamburg-based shipping line Hapag-Lloyd organizes every year a steamboat trip down- and upstream on the Elbe River, to brighten up their day. This wonderful event took place again last Wednesday. Read more >>
The Indian government has ordered a probe by the Serious Fraud Investigation Office (SFIO) into the affairs of Indian carrier Jet Airways and its group companies, after finding instances
of fund diversions and large-scale irregularities, the Economic Times reported quoting unnamed sources as saying.
The report also revealed that the government would oppose airline founder Naresh Goyal's plea in the Delhi High Court seeking the lifting of a travel ban. The sources said Goyal is likely
to be summoned by the SFIO, which comes under the Ministry of Corporate Affairs (MCA). Read more >>
A seemingly never-ending story!
After quite a few failed attempts to sell off Air India, The country’s government body is now said to have put the carrier back on the “for sale” list. This move apparently follows
on Indian cabinet ministers having given their approval to put Air India and its subsidiary companies up for sale (again)!
Hard to believe what’s fact or fiction these days with Air India. In our 29. June issue of CargoForwarder Global we reported based on information received that the Indian government had
put the sale process on hold due to high oil prices and volatile currency movements.
Well - oil won’t get cheaper in the near future - so, who’s in control as far as Air India is concerned.
The proliferation of regulation and compliance will be one of the greatest challenges for the air cargo market and freight forwarding as a whole, says Eric Martin-Neuville Executive VP Freight Forwarding at Geodis in an exclusive discussion with CargoForwarder Global. He is convinced that customs brokerage will become a fourth independent mode besides air, ocean and projects. Read more >>
The freight carrier’s volumes handled at Munich Airport are growing, despite the general contraction of tonnage flown on board its fleet. It’s the high attractiveness of the local Bavarian market that keeps the business soaring, explains Johannes Zinkl, Head of Handling at LH Cargo’s Munich hub. Read more >>
