Jet Airways Cargo (9W Cargo) and Air France KLM Cargo (AFKLM Cargo) have announced that they have signed a Memorandum of Understanding (MoU) to shape and further strengthen their existing cargo cooperation.
The two said the signing of the MoU is especially significant, as it complements the ongoing codeshare agreements between the partner carriers. Since the beginning of the codeshare agreements on the passenger side, the combined cargo handled by the partners has more than tripled during the period and continues to evolve.
Under the scope of the MoU, both parties will “link and leverage” their respective route networks to create and offer expanded high-value cargo services, the carriers said. They will also develop new and innovative products tailored towards both individual clients and the needs of specific industries such as pharmaceuticals, express and e-commerce.
“We share the ambition to jointly explore and exploit the vast opportunities in the air cargo market via mutual synergies,” said Pradeep Kumar, senior vice president, Jet Airways Cargo. This includes routes and networks, as well as warehousing amongst others, he added. “We also intend to work closely to co-create new and industry-leading products and services for our clients.”
The MoU will enable the partners to offer a comprehensive set of higher value, complementary services. This includes those on high frequency routes, as well as bringing in new and unique destinations via their respective hubs and gateways, both in India (Mumbai and Delhi) and in France (Paris-Charles de Gaulle) and The Netherlands (Amsterdam Schiphol).
Marcel de Nooijer, EVP Air France KLM Cargo said: “This agreement stipulates again the importance of strong partnerships in the air freight market. With the dynamic developments in India, we are excited to offer new opportunities to our customers and strengthen our global network towards the Indian freight market. Together with the Jet Airways, we will work on new possibilities,” he exclaimed.
With the aim of eventually creating an integrated commercial and operational cargo cooperation model between India and Europe, the partners will work through several steps within their respective cargo networks. This includes bringing in efficiencies in warehousing, exchanging capacities and making block space arrangements.
The two cargo carriers will also collaborate to optimise and expand volumes from emerging Indian markets such as Bengaluru and Chennai where intercontinental connectivity by direct services has recently been enabled.
Etihad Airways holds a 24 per cent stake in Jet Airways.