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Genesee & Wyoming Inc. has agreed to acquire approximately 95% of the shares of Freightliner Group Limited (Freightliner) from Arcapita and other shareholders for a cash consideration of approximately £490 million (US$755 million) and to assume approximately £8.5 million (US$13 million) in net debt and capitalised leases.
IATA is predicting a challenging year for the air cargo sector, driven in part by the deflationary economic climate in the Eurozone and the slowdown in the Chinese economy
The deal to finance the Mersey Gateway Project has scooped two prestigious international awards – Europe’s Infrastructure Deal of the Year at the Project Finance International Awards and IJ Global’s European Road Deal of the Year 2014.
In line with an announcement made at Air Cargo Africa 2015 in Johannesburg, Network Aviation Group is expanding its cargo services at Stansted by adding a 4th weekly service between Kenya and London.
Lesley Batchelor, the Institute of Export’s Director General, has been presented with her OBE for services to business at an investiture at Buckingham Palace held by The Princess Royal on behalf of the Queen.