This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant. The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion. The board stated
Month: January 2019
Cargolux 747F makes emergency landing after cockpit fire
A Cargolux 747-8F was en route from Malaysia’s Kuala Lumpur Airport (KUL) to Zhengzhou Airport (CGO) in China yesterday when the plane was forced to return to KUL after the crew reported fire and smoke in the cockpit. According to a statement from Cargolux, the aircraft landed safely and the crew was
Cathay Pacific makes good on first-class ticket blunder
The tickets are for flights from Vietnam to New York on Cathay Pacific for around $675 return instead of about $16,000 normally. Cathay Pacific Airways said it would guarantee thousands of first and business-class flights sold at huge discounts after a ticketing error, calling the mistake a surprise special on New
Qatar Airways acquires 5 percent stake in China Southern
DUBAI, United Arab Emirates (AP) - Qatar Airways says it now holds a 5 percent share in China Southern Airlines, helping expand the Gulf carrier’s reach in one of the world’s fastest-growing aviation markets. Qatar Airways Group said Wednesday the acquisition of additional shares of China Southern supports its overall investment
