2007-09-23 - LH und DHL Cargo ventureLufthansa Cargo and DHL Express launch cargo carrier
Neue Frachtfluggesellschaft gegründet<br /> Deutsche Post World Net and Deutsche Lufthansa AG are founding a joint cargo airline through their subsidiaries DHL Express and Lufthansa Cargo. The new company, based in Leipzig, in which DHL Express and Lufthansa Cargo each hold a 50 percent stake, will have the legal form of a private limited company (GmbH).
It will focus on transporting airfreight and express shipments into and out of Asia. Flight operations are scheduled to begin in April 2009. With the launch of the new cargo airline, the two partners will further expand significantly their leading position in the airfreight, respectively, the express business.
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 2/3 cargo capacities of the new airline will be utilised by Lufthansa Cargo und DHL Express. The two partners will continue to take care of marketing and handling those capacities independently. 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. Management of the new airline will be taken over by Dr. Thomas Papke, formerly Lufthansa Cargo, and Thomas Pusch, previously at DHL. The name of the new company and its branding will be decided at a later date.