The week in brief
- Etihad Airways has agreed to subscribe for 27,263,372 new shares in Jet Airways at a price of US$13.92 per share. The value of this equity investment is US$379 million and will result in Etihad Airways holding 24 percent of the share capital of Jet Airways. Etihad Airways president and CEO James Hogan (above, left) and Jet Airways chairman Naresh Goyal celebrate their new partnership.
- UPS will purchase Hungary-based pharmaceutical logistics company CEMELOG Zrt. The acquisition strengthens UPS’s health care reach in Europe. UPS expects to complete the transaction in the second quarter of 2013.
- Schiphol Cargo, Cargonaut, KLM Cargo and Air Cargo Netherlands are among the signatories to a covenant by a wide array of Dutch business and government to create a new approach to information exchange between parties in the logistics chain. The Neutral Logistics Information Platform is being developed to give the Dutch logistics sector a competitive advantage in Europe. NLIP will enable all supply chain partners to input information once and then share it throughout the entire chain.
- China Aviation Supplies Holding Company has signed a general terms agreement with Airbus for the purchase of 60 Airbus aircraft, which includes 42 A320 Family aircraft and 18 A330 aircraft. The A320 family offers a containerized cargo system, which is compatible with the worldwide standard wide-body system. The A330 family includes a freighter variant. The GTA was signed in the presence of French President François Hollande and Chinese President Xi Jinping.
- Ruslan International arranged the movement of three giant winches (pictured right) for an offshore oil project in the Caspian, on behalf of CNC Freight Services of Malaysia. The winches weighed a total of more than 200,000 pounds. They were loaded aboard an An-124 aircraft in Singapore using large mobile cranes and the aircraft’s loading ramp. They were then flown to Turkmenbashi, Turkmenistan for the Diyabekir Oilfield Development Project.
- TNT Airways has selected Rusada, an aviation software company, to manage its aircraft fleet and maintenance requirements.
- Airbus and IBM are working together to provide airlines and operators with advanced IT services for maintenance, engineering and flight operations. These fleet service offerings will help airlines manage their aircraft more effectively and improve customer service.
- Norbert Dentressangle, an international freight forwarding company, opened a new warehouse near Kiev, Ukraine. Located in Belogorodka, the new 150,000 square feet facility will support both local clients and global customers.
- Aeronautical Engineers, Inc. has been selected by Kahala Aviation of Ireland to provide two B737-400SF 11 pallet configuration conversions with options for two additional conversions to be started in May. The first aircraft, a B737-400, MSN 25052 was built in 1991 and will be converted at one of AEI’s North American
- The freight forwarding division of Norbert Dentressangle has opened a second office in Brazil in Rio de Janeiro. Norbert Dentressangle opened offices in Sao Paulo and Santiago in 2011 as part of the continued development of its freight forwarding business.
- VTG Aktiengesellschaft, a leading rail logistics company in Europe, and Kuehne + Nagel are planning a merger of parts of their rail logistics activities. Both parties signed the letter of intent. The new joint venture would expand the present rail logistics activities of the partners. The final contracts are expected to be decided on during the second half of 2013.
- Kuehne + Nagel is opening an office in Vladivostok, Russia. It is the largest Far Eastern seaport in Russia and an important location for cargo handling. The city also has a developed transport infrastructure.
- FoodSource, a C.H. Robinson company, has received the Top Supplier, Collaboration and Service Award from Brookshire Grocery Company. The award recognizes FoodSource’s ability to provide BGC with new items, consistent quality and pricing in a full line of fruits and vegetables from around the world and for achieving an above 98 percent service level.
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