China´s rapid growth has transformed it into a global economic powerhouse and is now one of the most important growth markets in the airfreight industry. With production hubs specializing in high tech-commodities, the country has enormous potential for the airfreight sector. The booming Chinese e-commerce sector and the increasing importance of cross-border trade from China provide additional growth opportunities in the airfreight industry. Against this backdrop, Lufthansa Cargo is intensifying key strategic partnerships in China: Ashwin Bhat, CEO Lufthansa Cargo, signed cooperation agreements with Shanghai Airport Authorities, Air China Cargo and China Postal Express & Logistics Co., Ltd during his recent trip.
Shanghai Airport Authority and Lufthansa Cargo intensify cooperation: Joint MoU signed / Municipal Government of Shanghai supports Lufthansa Cargo’s plans in Shanghai
Shanghai Airport Authority and Lufthansa Cargo have taken a significant step towards strengthening their partnership with the signing of a Memorandum of Understanding (MOU). The MOU aims to establish a framework to further develop cooperation in focused areas, enhancing operational efficiencies, and improving customer experiences through innovative solutions and shared expertise. It also recognizes the strategic goal of jointly developing Shanghai Pudong Airport into the world's most competitive Asia-Pacific core hub and actively exploring ways to deepen the partnership.
"The last 25 years of partnership through our joint venture have yielded excellent results for both parties. The MOU marks the beginning of our cooperation journey, and we look forward to even closer collaboration in the years ahead", commented Feng Xin, CEO of Shanghai Airport Authority.
Both - the Shanghai Airport Authority and Lufthansa Cargo - are committed to leveraging their strengths and resources to drive the success of this partnership and achieve their shared objectives. “The MOU represents a significant milestone in our collaboration and sets the stage for a deeper and more fruitful partnership in the future.” said Ashwin Bhat, CEO of Lufthansa Cargo. “Shanghai is the biggest freight hub for Lufthansa Cargo next to our hub in Frankfurt and the MOU gives us the confidence and commitment to further contribute to business excellence in this strategically important market."
