The week in brief
By Hpanchal on April 26, 2013
Posted in Air Cargo World News
- 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.