Air freight rates ease, but yet to come back down to earth
Rates out of Singapore down by 10-15%, but remain inflated after doubling in April; air cargo the lone bright spot for battered aircraft operators
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Singapore
AIR freight rates have eased somewhat from the heights scaled in recent months, but remain elevated owing to the ongoing capacity crunch in the air cargo market.
Rates out of Singapore have come down by 10-15 per cent, but remain inflated as they had doubled in April, Singapore Aircargo Agents Association (SAAA@Singapore) chairman Steven Lee told The Business Times.
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