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- Edition: 1415
Headlines
Contents SIA, Cathay fined over cartel plan
Singapore Airlines Cargo and Cathay Pacific have been fined US$24 million after Singapore admitted to being part of a cartel to inflate the cost of flying meat to Australian troops in the Middle East, reported The Australian Financial Review.
Virgin Atlantic brand at risk in Delta takeover move
The Virgin Atlantic brand will disappear from the skies if Delta succeeds with its bid for Sir Richard Branson's airline, Willie Walsh claimed in the latest in a long line of verbal spars between the two aviation bosses, reported The Independent.
US Air makes offer for American Airlines
US Airways has made a formal merger proposal to American Airlines parent AMR Corp and its creditors that could value the combined airline at around US$8.5 billion, two people familiar with the matter said, reported Reuters.
Brazil airline ordered to rehire fired workers
A labour court in Rio de Janeiro ordered airline Gol Linhas Aereas to rehire 850 employees of Webjet, a smaller Brazilian airline it acquired last year, reported Reuters.
China firms to buy
AIG aircraft leasing unit
American International Group (AIG) announced plans to sell an initial 80.1 percent stake in its aircraft leasing business to a consortium of Chinese financial service firms for US$4.23 billion in cash.
Shanghai throughput up for third straight month
Shanghai Port, the world's busiest container port, saw its container volume rise 7.6 percent in November from a year earlier, the third straight month of gains, data issued by the port's operator showed, reported Reuters.
Asciano boss hopeful but future foggy
John Mullen, the chief executive of giant ports and rail company Asciano, is seeing some cheer ahead of Christmas, saying volumes have picked up at the company's operations in the past month, reported the Australian.
Chicken feet gave Savannah a foothold in Asian market
Who would have thought that chicken feet could bring a US port to life? But that is indeed what they have done for the port of Savannah, Georgia, reported the South china Morning post.
APM Terminals leads in race for Indian port
Denmark-based AP Moller-Maersk Group, one of the largest port operators in the world, has emerged as the frontrunner to acquire a significant stake to be offloaded by Infrastructure major, Larsen and Toubro at Dhamra Port, located in Orissa, reported The
| | APL Logistics venture to offer 3PL service to India auto sector
APL Logistics and the US-based Vascor have formed a joint venture to serve supply chain needs of India's automotive sector, reported The Hindu.
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