Shares of Indian express operator Blue Dart Express surged last month on talk that DHL has agreed to an offer price of Rs 950 per share to acquire the remaining stake in the company. DHL acquired a majority stake in Blue Dart in 2004 and has since then been trying to acquire the residual stake and delist the company. DHL currently holds a little over 81 percent in Blue Dart through DHL Express Singapore, while institutional investors collectively hold 10.34 percent. Individual investors have … [Read more...] about DHL to acquire residual Blue Dart stake
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China to attract express sector investments
China plans to attract private investment in the express airfreight delivery sector to boost the development of the industry, according to Da Wa, the Director General of the Post Offi ce’s regulatory department. Da said he was contacting other departments to gather statistics on Chinese express delivery companies, and intends to lay the groundwork for policies to promote development of the private sector, Xinhua reported. Demand for express airfreight services is expected to increase … [Read more...] about China to attract express sector investments
ANA, OCS in express service venture
ANA (All Nippon Airways) has teamed up with Tokyobased OCS (Overseas Courier Service) to jointly develop a new international express delivery service aimed primarily at the growing Asianmarket. BEAM, as the new service will be known, will be launched at the end of August. Services will first be offered to Shanghai - using ANA’s late night cargo fl ights from Tokyo Haneda via Osaka Kansai - and rolled out to other points in China as demand for the service develops. … [Read more...] about ANA, OCS in express service venture
THAI Cargo
THAI Cargo said that until September30, 2007, it is offering discountfreight charges for travelers carryingdomestic air tickets, who want toship unaccompanied live pets (ULP)and unaccompanied baggage(UCB). … [Read more...] about THAI Cargo
Lufthansa Cargo
Starting this month, Lufthansa Cargo is chartering an additional MD-11freighter from World Airways. The UScarrier is already operating two MD-11freighters for Lufthansa Cargo. Thecontract for three B747-200Fs charteredfrom Air Atlanta Icelandic hasnot been renewed. … [Read more...] about Lufthansa Cargo
Hong Kong Airlines
Hong Kong Airlines has signed a memorandumof Understanding (MOU) for51 Airbus aircraft, including 30 A320s,20 A330s as well as an Airbus CorporateJet. The company was established in2001 and serves Asian and Chinesemainland destinations. … [Read more...] about Hong Kong Airlines