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Cargolux and Atlas Air predict subdued airfreight market in 2020
Cargolux CFO Maxim Straus said price pressure would continue, with particular weakness in South America and Hong Kong. Atlas cited Trump, trade and tariffs as the central problem of 2019, but hoped the second half of 2020 would pick up. Air Cargo News reports from Flight Global. ...
$100m investment pulls an EV start-up out of stealth mode
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Who is (should be) afraid of Amazon? asks German bank
And it points to Amazon’s huge growth in its own transport. “In 2021, it will be able to handle 100 Amazon cargo planes with 2,000 employees, twice the current fleet size. While the delivery rate for its own parcels was around 10% at the beginning of 2017, Amazon now delivers about every second ...
BAF: more increases still on the cards
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Jet Airways to sell Dutch business to KLM
The pair have entered a conditional sale and purchase agreement, notes FlightGlobal. Jet is undergoing a separate bankruptcy in the Netherlands, as Dutch creditors look to recoup debts. The article notes that KLM would not become a shareholder, just acquire the Dutch operations. ...
China offers muted response to US trade deal
While there will be no new tariffs, the bulk of those on $360bn worth of Chinese products will remain, as will Chinese tariffs on over $100bn of US goods. The second phase of talks has now begun. Read more... ...