tiprankstipranks
Trending News
More News >

Freightways Addresses Airwork Receivership Impact

Story Highlights
Freightways Addresses Airwork Receivership Impact

Don’t Miss TipRanks’ Half-Year Sale

An update from Freightways ( (FTWYF) ) is now available.

Freightways Group Limited has announced that its joint venture partner in Parcelair Limited, Airwork Holdings Limited, has been placed under receivership. Despite this development, Freightways assures stakeholders that Airwork will continue to operate as a going concern, and they have a contingency plan ready to minimize any operational disruptions.

More about Freightways

Freightways Group Limited operates in the logistics and courier industry, providing parcel and freight services. The company focuses on efficient delivery solutions and has a significant market presence in New Zealand.

For an in-depth examination of FTWYF stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1