Emirates Business The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 1.8% in January 2019, compared to the same period in 2018. This was the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 4.0% year-on-year in …

Bloomberg A four-month-old Ethiopian Airlines Boeing plane en route to Kenya’s capital, Nairobi, crashed on Sunday, killing all 149 passengers and eight crew, the airline said in a statement. The crash is the second in five months involving a Max 8 after a Lion Air plane that had been delivered only 2 1/2 months earlier nose-dived into the Java Sea …

Bloomberg Opec crude oil shipments to the world’s largest economy sank to a thirty-year low as part of an effort by the cartel and its allies to balance supplies and counteract America’s shale boom. Opec supply cuts that started in 2017 were extended in 2018. The end result was Saudi Arabia cutting exports to the US by 9 percent to …