Deutsche Post World Net and Deutsche Lufthansa AG are to found a joint cargo airline through their subsidiaries DHL Express and Lufthansa Cargo. DHL Express and Lufthansa Cargo will each hold a 50 per-cent stake in the new company to be based in Leipzig.
The new entity will focus on transporting airfreight and express shipments into and out of Asia. Flight operations are scheduled to begin in April 2009.
Dr Klaus Zumwinkel, Chairman Deutsche Post World Net and CEO said: ‘This is an ongoing development consistent with our intercontinental joint venture which we began in 2004. Deutsche Post World Net and Lufthansa, two of the world’s most successful and professional logistics operators are pooling their know-how in a new joint company. DHL will notably accelerate for customers the exchange of goods between Asia and Europe through market-leading transit times. That will also substantially strengthen Germany’s position as a logistics base and additionally spur the economic upturn in our Country.’
The new cargo carrier will initially operate with eleven new Boeing 777-200LRF aircraft. The aircraft will be leased and are scheduled for delivery from February 2009. The cargo capacities of the new airline will be utilised by Lufthansa Cargo und DHL Express.
Pending the granting of traffic rights, the new airline will gradually expand its route network from the summer schedule 2009. On weekdays, it will be serving Singapore, Bangkok, Dubai, Bombay, Shanghai, Hong Kong, Seoul, Nagoya, Almaty, East Midlands and Milan.
At weekends, it will fly to Shanghai, Astana, Singapore, Bangkok, Sharjah, Hong Kong, Chicago and New York.
Aside from pure airfreight traffic, the two companies will each alone be responsible for warehousing and trans-shipment at Leipzig/Halle Airport. DHL Express will handle its express shipments in the newly built cargo centre. Lufthansa Cargo will shortly be building its own modern logistics centre right nearby.