The Straits Times
PublishedMar 12, 2021, 7:23 am SGT
https://str.sg/Jjec
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SINGAPORE (BLOOMBERG) - Opposition from minority shareholders to a restructuring effort by the Jardine Group is growing, with some investors considering going to court over its plan to buy out a London and Singapore-listed unit for what they say is a US$1 billion (S$1.34 billion) discount.
Growing opposition to Jardine Group s restructuring effort
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By Greg Waldron2021-03-11T09:29:00+00:00
Recent financial results from Asia-Pacific airlines highlight how the disappearance of bellyhold space has given a massive boost to cargo yields.
Amid the Coronavirus pandemic, Asia-Pacific airline financials make for gloomy reading. They are rife with massive losses, collapsing revenue, layoffs, and the retirements of aircraft that still had years of useful service ahead of them.
Source: Korean Air
A Korean Air 777F in 2019
The only bright spot is air cargo, with freight units at virtually all the region’s top carriers enjoying record performances. Sharply higher cargo yields underpin this performance, because 2020’s actual freight capacity and freight carried is down for most carriers.