Global supply chains, already hit hard by the pandemic, face new disruption and cost pressure as airspace bans following Russia's invasion of Ukraine raise concerns over a fifth of air freight.
Transport between Europe and north Asian destinations like Japan, South Korea and China is in the front line of disruption after reciprocal bans barred European carriers from flying over Siberia and prevented Russian airlines from flying to Europe.
Airlines responsible for moving around 20% of the world's air cargo are affected by those bans, Frederic Horst, managing director of Cargo Facts Consulting, told Reuters on Tuesday.
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Source: Reuters
