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EC confirms Austrian offer

: Latest News; Tuesday, 21 July 2009

The European Community says it has “received a new offer from Lufthansa in the context of its ongoing in-depth investigation of Lufthansa's proposed takeover of Austrian Airlines. The Commission will study the offer carefully but cannot make any further comment at this stage".

Lufthansa-Austrian deal closer?

: Latest News; Tuesday, 21 July 2009

A new proposal from prospective buyer Lufthansa has raised hopes for European Commission approval of the German carrier's Austrian Airlines takeover.

BA to raise GBP630m

: Latest News; Tuesday, 21 July 2009

UK carrier British Airways plans to raise more than GBP600m - GBP300 million by selling convertible bonds and GBP330 million in bank guarantees – after it warned it might not have enough liquidity to survive the economic downturn.

Bailout for Air India

: Latest News; Tuesday, 21 July 2009

India’s state-run carrier Air India is set for a government bailout after a slump in air travel left it unable to pay salaries and buy planes.

Cargojet links with SkyLink

: Latest News; Tuesday, 21 July 2009

Cargojet Income Fund plans to expand its regional cargo business through a partnership with SkyLink Express using its Canadian subsidiary Prince Edward Air, which will own 55 per cent of the partnership with Toronto-based SkyLink Express owning the remaining 45 per cent.

Agility wins logistics award

: Latest News; Tuesday, 21 July 2009

Agility, a global specialist in integrated logistics, was awarded Best Logistics Services Provider at the 3rd Annual Middle East Logistics Awards in Dubai last week. The Award is given to the company that provides the best supply chain management solutions, including integrated operation, warehousing and transportation services.

Volga-Dnepr reports slight drop

: Latest News; Monday, 20 July 2009

Charter and scheduled cargo airline firm Volga-Dnepr has reported a five per cent drop in tonnage to 835,000 ton/kilometres carried during the first six months of 2009.

New airfreight division to focus on tuna industry

: Latest News; Friday, 17 July 2009

Consolidators International (CII) has created a new air freight division - Tuna Support - to manage its air operations for the tuna industry in the oceans of the western Pacific.

DB Schenker inks Egypt jv

: Latest News; Friday, 17 July 2009

DB Schenker has expanded its operations in the Middle East through a joint venture with the its partner for many years, ITS -International Transport Service of Egypt.