GERMANY's Lufthansa Cargo and China Post Group Corp have inked a strategic cooperation under which China's National Post will leverage capacity on Lufthansa Cargo flights to improve e-commerce-driven air mail transportation between China and Europe.
Initially, Lufthansa Cargo will provide China Post with cargo capacity between Shanghai and Frankfurt that is "equivalent" to a weekly 777F flight.
Rather than operating a 777F solely on China Post's behalf, the deal will likely resemble a block space agreement, in which China Post will have regular access to Lufthansa's scheduled cargo and passenger flights.
According to the most recently published winter schedule, Lufthansa Cargo operates ten weekly 777F flights between Shanghai (PVG) and Frankfurt (FRA). In addition to the freighter flight, Lufthansa operates at least eighteen weekly widebody passenger flights out of the Yangtze River Delta gateway, reports Cargo Facts of Seattle.
Li Xiong, vice president of the official postal service of the People's Republic of China, and Peter Gerber, chief executive and chairman of the executive board of Lufthansa Cargo, met in Beijing and reached agreement on "deepening cooperation".
Mr Li 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."
Mr 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."