China Post Group Corporation, the official postal service of the People’s Republic of China, and Lufthansa Cargo have announced a strategic cooperation involving B777F capacity on the Shanghai (PVG)-Frankfurt (FRA) route.
Reflecting what the two parties noted was “vigorous” growth in e-commerce volumes, the initial scope of the agreement will see one Lufthansa B777F plying the route initially, leaving the door open for further capacity enhancements down the road.
The two partners emphasised that further close cooperation with the aim of expanding to further agreements is being sought. Both companies have been successfully working together for quite some time on other major Chinese stations, with a focus on Beijing and Guangzhou.
Additionally, both companies are jointly working on shortening transportation times, improving quality and further developing digitalisation.
Li Xiong, vice president of China Post Group Corporation, and Peter Gerber, CEO and chairman of the executive board of Lufthansa Cargo, met in Beijing where they reached the agreement on deepening their cooperation.
“In recent years, the cooperation between China Post and Lufthansa Cargo has enjoyed a constant growth,” says Li. “The eCommerce 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,” Li adds.
Peter Gerber, CEO of Lufthansa Cargo comments: “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 eCommerce market. Together, we will be able to achieve even more for our joint customers on one of the world’s most important trade lanes”, he adds.