Air Freight News
Swedish exports help economy shrink less than forecast
Sweden’s output contracted less than indicated by an initial estimate in the second quarter as the Nordic country’s economy is set to see a recovery…
Remy, Pernod surge as China holds off on tariffs for now
Shares of Remy Cointreau SA and Pernod Ricard SA surged after China said it won’t impose temporary tariffs on brandy from the European Union, at…
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Turkey hosts Gulf nations in $20 billion bid for new trade route
Turkey is hosting transport ministers from Iraq, Qatar and the United Arab Emirates in Istanbul on Thursday to discuss building an estimated $20 billion trade…
Malaysia Air cuts capacity on staff shortages, plane delays
Malaysia Airlines will cut capacity by 20% across its network as the carrier struggles with a shortage of maintenance staff and delayed deliveries of new…
Azul eyes options to rework debt amid Brazil airline deal talks
Brazilian airline Azul SA is weighing options from an equity offering to a Chapter 11 filing to address approaching debt obligations, according to people familiar…
Italy’s record jet fuel sales a sign of Europe’s Covid recovery
Italy’s jet fuel sales last month reached their highest level in at least 22 years, signaling that the European market is returning to solid growth…
Maersk owners offer $840 million for Sweden’s Concentric
The family controlling A.P. Moller-Maersk A/S agreed to buy a Swedish maker of engine products for about 8.59 billion kronor ($840 million), spending some of…
Qantas profit falls on cost of fixing damaged reputation
Qantas Airways Ltd. said full-year profit fell as the airline invested more to repair its battered reputation and air fares declined.
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Train movements in Canada close to normal after labor chaos
Train movements at Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. are almost back to normal after a short lockout of unionized workers,…
Houthis say tugs can tow away stricken Red Sea oil tanker
Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might…