As ex-Vietnam airfreight demand dwindles, freighter airlines are cutting capacity from the country with rates down to pre-Covid levels.
Furthermore, the rapid change in market conditions has prompted one local start-up cargo carrier to suspend its application for an airline license.
Jan Segers, general manager of Noatum Logistics Vietnam, said: “Vietnam airfreight rates have dropped to pre-Covid levels, and now most of the export capacity is from passenger flights which are largely …
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