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MIDDLE EAST: Dubai firm acquires 51% stake in Africa West
Dubai's Global Investments Limited has acquired a 51 per cent controlling interest, from 1 July, in Togo-based Africa West cargo airline, with veteran logistics leader Issa Baluch appointed as chairman, while CEO Yannick Erbs remains in his position.
01 August 2011
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Lufthansa reports 2009 net loss of US$151 million
Lufthansa has reported a net loss of US$151 million in 2009, but said it achieved its goal of an operating profit. The loss, which followed a $732 million profit in 2008, was largely the result of sharply lower cargo volumes and a decline in higher…
05 March 2010
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K Line acquires 51% stake in Air Tiger Express
Japanese logistics and air/ocean shipping company, Kawasaki Kisen Kaisha (K Line) has reached an agreement with Air Tiger Express Companies, Inc. (ATEC), a US-based logistics service provider, to acquire 51 per cent of ATE’s shareholding. ATEC is …
01 March 2010
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TAIWAN: EVA Air sees cargo revenue plunge 51%
Taiwanese carrier EVA Air saw its cargo revenue plunge 51 per cent in the first half of this year as falling Asian exports sliced the carrier’s freight traffic by nearly a third. EVA, which operates 17 widebody freighters contributing more than 40…
01 September 2009
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JAPAN: JAL posts US$651.2 million full-year loss
Japan Airlines has reported a net loss of Â¥63.1 billion (US$651.2 million) for the 2009 fiscal year ended 31 March, reversing a net profit of Â¥16.9 billion a year earlier. JAL recorded a 12.5 per cent decline in group revenue to Â¥1.95 trillion, w…
01 June 2009
