Cathay Pacific and Lufthansa Cargo Enter Joint Venture
Cathay Pacific and Lufthansa Cargo have signed an agreement for a “highly integrated bilateral cooperation,” a statement from the companies said.
Some of the benefits customers will enjoy thanks to the cooperation include more direct connections, greater flexibility, and time savings, the airlines said.
On routes between Hong Kong and Europe, both airlines will work together on network planning, as well as sales, IT, and ground-handling. “This will bring Hong Kong, the world’s busiest air cargo hub, closer to Europe, strengthening one of the world’s great trade lanes,” the companies contend.
“Our joint network will cover more than 140 direct flights per week between Hong Kong and 13 European destinations”, says Simon Large, director for cargo at Cathay Pacific of Cathay apcific. “Cathay Pacific’s large number of direct connections to multiple European destinations complements Lufthansa’s strength in Frankfurt, the most important European air freight hub, and in Europe through its dense feeder-network.”
“As a result of our joining forces, customers will gain access to unique flexibility with more flights to choose from and a combination of feeder and direct flights. In this way their cargo can reach its destination hours earlier,” explained Lufthansa Cargo CEO Peter Gerber. “We will also have more options for shipments which have to be transported by freighter due to their size or properties.”
The cooperation will also focus on service enhancements. Customers will be able to access the entire joint network via the booking systems of both partners. Joint handling, initially at the Hong Kong and Frankfurt hubs, will also make things easier for customers since there will be just one point for export drop off and import delivery.
Both partners plan to transport the first shipments under the framework of the cooperation beginning early next year, initially from Hong Kong to Europe. The ability to book eastbound shipments from Europe to Hong Kong will follow later in 2017.
Entering into commercial joint ventures with airline partners on key trade lanes is a core part of the Lufthansa Cargo 2020 strategy. Lufthansa Cargo implemented a similar cooperation with All Nippon Airways on routes between Europe and Japan at the end of 2014 and is planning an enhanced cooperation with United Airlines on transatlantic routes.
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