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- Edition: 1453
Headlines
Contents Spain's Vueling accepts IAG takeover bid
The board of Spanish low-cost airline Vueling has unanimously recommended to shareholders to accept an improved takeover offer of US$12.06 per share from International Airline Group, reported Reuters. IAG, which already owns 45.
Boeing to invest $1b to expand South Carolina 787 factory
Boeing Co plans to invest at least US$1 billion to expand production at its 787 Dreamliner factory in South Carolina over the next eight years, creating at least 2,000 jobs at the final assembly plant in North Charleston, reported Reuters.
Hactl first quarter traffic up 1.6%
Hong Kong Air Cargo Terminals Ltd's (Hactl) cargo traffic rose 1.6 percent in the first quarter from the same period a year ago and it forecast a slow economic recovery, reported Reuters.
Turkish Airlines to buy 95 Boeing planes
Turkish Airlines plans to buy up to 95 jets from US plane maker Boeing Co as Turkey's fast-growing flag carrier seeks to double its fleet to grab a bigger slice of passenger traffic to and from Europe and the Middle East, reported Dow Jones Newswires.
Shipping slump may continue till 2015 – Swire boss
The slump in shipping has now passed five years and could go on further before prospects improve around 2015, according to a leading figure in the industry.
Onshoring trend overhyped, says OOCL boss
The shift of manufacturing and outsourcing to China, which started after the mainland joined the World Trade Organisation in 2001, has probably ended.
INTTRA to offer cargo insurance
INTTRA, the world's largest multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks, via INTTRA's e-commerce platform.
Ships skip Hong Kong
as HIT strike continues
Logistics providers and ship operators have suffered limited fallout from Hong Kong's port strike, with many re-routing ships to nearby ports as needed. Delays have been mostly only one to two days.
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