Jet Airways suspends all flights after funds shortage

Jet Airways grounded all flights till further notice after they were not able to generate confidence with banks & lenders for interim funding .

As per airlines spokesperson the emergency funds from lenders or bank is not forthcoming resulting into airlines disability to pay for fuel & other critical services to keep airlines operational.

Jet airlines had a fleet of 123 aircraft but none of them operational as of date .

Last month it had £900 million of debt  & chairman Mr. Naresh Goyal along with his wife Anita Goyal resigned from the board of directors .

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Panalpina Acquired By DSV Under $4.6Bn Deal

Danish logistics giant DSV offered Swiss logistics giant Panalpina an unrefusable offer of
Swis franc195 / share in a deal worth approx $4.6 bn in order to become world leading freight forwarding company .

DSV & Panalpina both were in negotiation for last 2 months with deal starting at
Swiss Franc 170/ share in January which seems to be finally closing at Swiss Franc 195 / share .

After acquiring Panalpina DSV will become 4th largest freight forwarding company in terms of revenue .

After deal completion both logistics giants will be strengthened globally with air tonnage touching to 1.5 m tonnes & sea freight close to 3 m containers (TEUs) yearly.

DSV is also planning to change its name to "DSV Panalpina" in order to reflect its presence & long rich history worldwide .

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Saudia Cargo carries equipment for Janadriyah festival

Janadriyah, the National festival for Heritage & culture is organized every year by Ministry of National Guard, Saudi Arabia .

Saudia airlines participated in event by transporting equipment of inaugural ceremony for this festival.

It carried 60 tons of equipment, cables, screen, etc from Vatry airport, France to King Khalid airport, Riyadh by B747-400F Aircraft on Dec.08 & the same was carried back to Vatry the same month.

Saudia cargo is continuously providing support in terms of logistics services & freighter capabilities for this National Festival for past few years .

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Festive Freighter for Santa by Lufthansa Cargo

With the peak season & increasing demand Lufthansa cargo has expanded its freighter capacity.

This freighter capacity expansion is based on upcoming festive season of Christmas & will operate weekly on Frankfurt - JFK route from mid November to 03 Jan.

As per one Lufthansa spokesperson this step is taken especially in service of Santa Claus .

This additional service will help airlines cater to rising global demands & ensure excellent reliability in global transport.

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Saudia Cargo Transports 58 Cars to Riyadh For Formula E Series Racing

Saudia Cargo for the first time transported 58 cars & various equipment for ABB FIA Formula E Championship sponsored by Saudi Airlines .

The cars , spares & equipment are flown in from various European destinations to Ad Diriyah located on outskirts of Riyadh also handling first time this ABB FIA Formula E Championship.

Formula E championship inspired by innovation uses only electric powered cars for racing & it gives same excitement of track racing.

The 58 cars transported through several aircrafts had a combined load of 220 tonnes.

The Formula E Championship started from Beijing in 2014 touring New York, Paris , Hongkong & now the fifith series race will be in Ad Diriyah.

This 3 day festival will have various activities from track racing to live musical performance to gaming platforms which will be an exciting opportunity for Formula E championship fans.

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Fedex Singapore to Sydney flight 4 times a week

To give a boost to cargo movements , Fedex has launched new flight connecting markets of Europe, Middle east , Asia & Australia.

As per Fedex the new flight is designed to meet increased demand for these sectors especially heavy weight shipments. This will benefit customers based in Australia & Singapore with increased reliability & capacity for general as well as healthcare & perishable cargo.

The dedicated flight will operate 4 times a week between Sydney, Australia & Singapore.

Also with this service Sydney customer will enjoy a 3 hrs cut off time improvement for Singapore & Malaysia 4 times a week.

This will help respond to last minute request more readily than before.

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