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...He has snapped up planes for a new air cargo division, ports in Los Angeles, and Bolloré’s logistics business, and even his favourite Lebanese pistachio producer....
...In the first nine months of 2023, Air France-KLM’s cargo revenues were down 31 per cent on the previous year....
...But Air France-KLM chief executive Ben Smith rejected the suggestion that the airline was deliberately misleading on its green credentials....
...Air France-KLM and Etihad did not immediately respond to a request for comment....
...“In a nutshell, it is fiercely competitive given the . . . relative weakness in other sectors of air cargo,” said Tom Owen, cargo director at Hong Kong’s Cathay Cargo....
...“They’re presented to us in ads in the cinema, in magazines, with this idea of a promise of freedom,” said Belliard....
...By 2030 Vietnam’s air cargo is expected to reach 270 per cent of the current volume, the US International Trade Administration said....
...CMA CGM has also invested hugely in new areas such as air cargo and on more environmentally friendly ships....
...A former air-balloon factory on the outskirts of Paris, Hangar Y, is an art centre with a 25-acre sculpture park....
...A missile launched at the Morning Tide, a cargo ship, flew over its deck but caused only minor damage....
...Although SpaceX had to sue the US Air Force to compete for military contracts, it eventually won “a significant chunk of the Department of Defense market,” he added....
...In the food sector, France’s Danone said it would start enacting “mitigation plans”, including the use of alternatives such as air freight, if the Red Sea disruption lasted for more than two or three months...
...The vessel was dragging a “fit-for-use” structure to unload cargo on the shore, due to the lack of a port in Gaza....
...Last week Air France-KLM joined the dealmaking flurry as it agreed to take a 20 per cent stake in Scandinavian airline SAS as part of a rescue deal involving private equity firm Castlelake and the Danish...
...“But everything is ad hoc, and not subject to an actual plan.” For at least two days in the past week, UNRWA and WFP ran out of supplies, one of the officials said....
...With those gone, air defences at the Sevastopol military base were partially blinded. A storm of Ukrainian air strikes followed....
...CMA CGM struck a deal with Air France KLM, and May to jointly operate a fleet of up to 22 cargo aircraft. And MSC plans to expand into the sector in 2023....
...Google’s ad revenue was just a bit softer than expected....
...Which is, of course, why the promise of the stones at the open-air temple site of Mount Nemrut is such a hook....
...In Aix — where summer temperatures regularly reach 35C — life started to become “uncomfortable, unless you lived locked in with air conditioning”, says Chalumeau....
...It has bought fighter jets from the US, Britain and France and American air defences....
...Results: Abercrombie & Fitch Q2, Air New Zealand FY, Burlington Stores Q2, Dollar Tree Q2, Gap Q2, Hays FY preliminary results, Nordstrom Q2, Norwegian Air Shuttle Q2, Qantas Airways FY preliminary results...
...Three of Europe’s largest airline groups, British Airways owner IAG, Lufthansa and Air France-KLM, all reported a drop in the rate of recovery in corporate travel in their most recent earnings, while bookings...
...It bought a 9 per cent stake in Air France-KLM as part of a partnership with the airline group. “We will continue to do acquisitions in our core businesses,” said Saadé....
...MSC is the world’s largest container-shipping group and hoped to expand into air cargo through the deal, while Italy is Lufthansa’s main foreign market....
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