China Post and Lufthansa Cargo have reached an agreement on deepening its strategic cooperation. Initially, the agreement has a weekly scope of the cargo capacity of one Boeing 777 freighter on the Shanghai – Frankfurt route.
The joint freight operation furthers the relationship of the companies who have so far focussed on Beijing and Guangzhou. Shanghai, is therefore, an attractive opportunity for the airliners to increase its share in the cross-border post and mail market supported by the rapid growth of e-commerce.
In addition to the capacity agreement, both companies are jointly working on shortening transportation times, improving quality and further developing digitalization.
Li Xiong, Vice President of China Post Group Corporation, commented on the agreement: “Under the concept of the “Joint Freight Operation”, the two sides have reached a further consensus on capacity agreement this time. We will jointly build a more stabilized and comprehensive channel of air mail transportation connecting China and Europe.”
Source: Lufthansa Cargo
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