TNT has accepted a sweetened offer by United Parcel Service (UPS) for TNT’s Express unit, making the US-based express delivery company the largest express package-shipper in Europe with €45 billion in global sales. UPS upped its offer by 5.6 per cent to €5.16 billion in a deal that both companies said is a 53.7 per cent premium over TNT’s closing price the day before the companies announced they were in talks. If a third party makes a binding counter offer exceeding the … [Read more...] about TNT accepts sweetened UPS acquisition offer
DHL
Bahrain Int’l welcomes BAWC’s B747-8F
Bahrain International Airport (BIA) recently welcomed IAG Cargo, through its brand British Airways World Cargo who began a weekly service through Bahrain with its new B747-8F. “This is great news for our airport, adding to many other memorable occasions experienced at the region’s first airport. Cargo volumes are a lead indicator of business growth and having BA’s B747- 8F landing in Bahrain on its weekly route is a great sign of confidence,” said Gordon Dewar, Bahrain … [Read more...] about Bahrain Int’l welcomes BAWC’s B747-8F
Bahrain Int’l welcomes BAWC’s B747-8F
Bahrain International Airport (BIA) recently welcomed IAG Cargo, through its brand British Airways World Cargo who began a weekly service through Bahrain with its new B747-8F. “This is great news for our airport, adding to many other memorable occasions experienced at the region’s first airport. Cargo volumes are a lead indicator of business growth and having BA’s B747- 8F landing in Bahrain on its weekly route is a great sign of confidence,” said Gordon Dewar, Bahrain … [Read more...] about Bahrain Int’l welcomes BAWC’s B747-8F
New products, new markets for Korean Cargo
New products, new markets for Korean Cargo After facing the biggest demand fall in aviation’s history in 2009, businesses restarted again in 2010 with airlines ending last year slightly ahead of early-2008 volumes albeit with a dismal 2.7 per cent profit margin. Following the global financial crisis, air freight volumes reached their post-recession peak in May 2010, largely driven by re-stocking. But the joy was short lived and from about July this year, global freight markets began … [Read more...] about New products, new markets for Korean Cargo
DHL adds Bangalore, Leipzig B777F service
DHL adds Bangalore, Leipzig B777F service DHL Express has announced the launch of a B777F freighter service between Bangalore and Leipzig, in response to what it says is the growing air cargo demand into and out of South India. The freighter originates from Bangkok and Singapore, with the new service operating five times a week between Bangalore and DHL’s European hub in Leipzig, Germany. The freighter is operated by AeroLogic, the joint venture cargo airline of DHL Express and … [Read more...] about DHL adds Bangalore, Leipzig B777F service
Lufthansa, Frankfurt reel from night ban
Lufthansa, Frankfurt reel from night ban Should the ban become permanent the German cargo carrier may even face the possibility of having to relocate its air cargo hub to neighbouring airports like Frankfurt-Hahn, Cologne Bonn, or Liepzig where it already operates its joint venture cargo airline Aerologic with partner DHL Express. But with the need to coordinate cargo movements between the bellies of Lufthansa’s passenger fleet and its freighters, this would involve large scale road … [Read more...] about Lufthansa, Frankfurt reel from night ban
