The Week in brief
Radiant Logistics has acquired Isla International Ltd., a privately held company that provides cross-border transportation and logistics services between the U.S. and Mexico, for $15 million. The transaction is expected to close in Radiant’s second fiscal quarter, which ends December 31.
Aviation Capital Group has ordered 20 Boeing 737-800s and agreed to purchase 35 737 MAX aircraft, making it the first airplane leasing company to commit to the 737 MAX. “The 737 is one of the prime building blocks of our portfolio strategy,” stated R. Stephen Hannahs, group managing director and CEO of ACG. “These new 737NG and 737 MAX airplanes will continue our strategy of providing our customers the most fuel-efficient, most capable airplanes with the lowest operating costs.”
Hong Kong International Airport handled 342,000 tonnes of freight in October, an 8.2-percent, year-over-year, decline. Although passenger traffic for the airport remained strong — highlighted by 5.9 percent, year-over-year, growth — cargo volumes were negatively impacted by declining trade in the U.S. and eurozone and the recent flood in Thailand, said Airport Authority Hong Kong CEO Stanley Hui Hon-chung.
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