China Post and Lufthansa Cargo sign capacity agreement

posted on 21st November 2018 by Justin Burns
China Post and Lufthansa Cargo sign capacity agreement

China Post and Lufthansa Cargo have signed a strategic cooperation deal that will see a capacity agreement of one Boeing 777F frequency per week between Shanghai and Frankfurt.

The agreement was penned on Monday (19 November) by China Post Group Corporation vice president, Li Xiong, and Lufthansa Cargo chief executive officer and chairman, Peter Gerber in Beijing (pictured above).

China Post and Lufthansa Cargo have been cooperating for years, but never signed a formal strategic cooperation like this. They are also aiming to expand their partnership with further agreements.

Xiong said: “In recent years, the cooperation between China Post and Lufthansa Cargo has enjoyed a constant growth. The e-commerce business is in a vigorous development. Both China Post and Lufthansa Cargo are now upgrading and innovating the business model.

“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 stabilised and comprehensive channel of air mail transportation connecting China and Europe.”

Gerber said: “We are very pleased that the excellent collaboration with China Post, which has been going on for many years, is now even gaining new quality within the framework of a strategic cooperation.

“It also reflects the growing importance of the cross border e-commerce market. Together, we will be able to achieve even more for our joint customers on one of the world’s most important trade lanes.”

China Post and Lufthansa Cargo have also been working together at other major Chinese stations, with a focus on Beijing and Guangzhou. In addition to the capacity agreement, both companies are jointly working on shortening transportation times, improving quality and further developing digitalization.