The ground-handling business saw its share of mergers and acquisitions in 2015, and now the trend continues this year with Worldwide Flight Services’ (WFS) announcement that it has reached an agreement to acquire Consolidated Aviation Services. A purchase price and terms were not yet disclosed. Consolidated Aviation Services, headquartered in New York City, serves more[…]
Just when it seemed like the industry was getting used to a 10,000-kilometer rail journey as a commercially viable mode though which to ship 21st century freight, DHL Global Forwarding (DHL-GF) unveils a new long and winding iron road from China to Europe with an even unlikelier twist: Two water hazards. In December 2015, DHL-GF[…]
The class-action lawsuit involving global price-fixing of fuel and other surcharges from 2000 to 2006 continues to wind down nearly a decade after the alleged transgressions occurred. This week, Polar Air Cargo, LLC, and Atlas Air Worldwide Holdings have agreed to settle with the plaintiffs for US$100 million, which is the second-largest settlement amount to[…]
A CRJ-200 freighter, similar to the West Atlantic jet that crashed on Jan. 7. A Bombardier CRJ-200PF, operated by West Atlantic Sweden, crashed in a remote location in the Swedish mountains of Gällivare on Thursday evening. At the time of this report, both crew members on board are presumed dead. The freighter aircraft, registered as[…]
Less than two months after U.S. authorities approved FedEx’s takeover of TNT, the European Commission, as expected, has unconditionally approved the US$4.8 billion deal, which was first announced in April 2015. The commission found that the merged company would not be a threat to competitors Deutsche Post DHL, the number-one parcel service in Europe, followed[…]
Several labor unions and rival trans-Atlantic carriers are concerned about Norwegian Air Shuttle’s most recent application for a foreign air carrier permit (FACP) for its new subsidiary, Norwegian Air UK Ltd. (NAUK). Opponents are calling the move nothing more than an attempt to fly under a “flag of convenience” so it can operate in the[…]
