Air France-KLM gets $438m bonanza

Air France-KLM will reap US$438 million in cash from the sale of a more than three percent stake in travel technology company Amadeus.

DHL is building Malaysia’s biggest warehouse

DHL Supply Chain is building a new warehouse of over one million square feet in Shah Alam that will be the biggest in Malaysia and cost US$31 million.

CMA CGM has formed Ocean Three, which will deploy about 150 ships
French giant's antidote to 2M alliance

French container-shipping giant CMA CGM has formed an alliance with China Shipping Container Lines and Middle East's United Arab Shipping Co to share vessels on some of the world's busiest trade routes.

Tycoon in talks on plane leasing venture

Asia's richest man, Li Ka-shing (above), aims to become a force in the aircraft leasing business as his firm is in talks with a number of lessors.

Sale of 49% stake in Philippine Airlines soon

San Miguel Corp expects to complete the sale of its 49 percent stake in Philippine Airlines to the group of Lucio Tan in a week's time, sources said.

Lufthansa cancels 110 flights

Lufthansa cancelled 110 flights to and from Munich airport on Wednesday, affecting around 13,500 passengers due to a planned pilots' strike.

TNT leases facility as part of superhub strategy

TNT Australia has signed up to lease a 121,000 sq m industrial facility in Melbourne’s Airport Business Park, a major deal for Victoria this year.

NYK relocates container logistics

To cut costs, Nippon Yusen Kaisha (NYK) plans to relocate its container allocation planning operation from Singapore back to Japan.

Logistics solution provider opens LCL trade lanes

A R T  Logistics, a logistics solution provider,  has opened two new LCL service lanes from Asia Pacific area to Kazakhstan and Mongolia.

More Breaking News
PPA is moving boxes out of Manila ports to get 60 percent yard utilisation
Carrot-and-stick move to unclog Manila ports

Owners of overstaying cargoes will be charged heavily while those who take advantage of the weekends to withdraw their containers will get cash incentives as part of efforts to ease port congestion in Manila.

“The growth of China and Russia/CIS...
Cargonews Asia interviews Evgeniy Reznikov, Business Development Director of A.R.T. Logistics Ltd.
International Air Cargo Forum and Exposition 2014
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