Lufthansa Cargo serving new destinations in China

In spite of declining demands Lufthansa Cargo AG goes on the offensive and cleans its investment portfolio

Lufthansa Cargo AG is offering new freighter flights to China in the summer flight schedule, beginning on 25 March. The Chinese metropolis Chongqing will be served with four flights weekly operated by MD-11 freighters. Two more links to the Far East are provided through flights to Shenyang in northeastern China and Qingdao (Tsingtao) in Shandong province.

The Indian metropolis Kolkata is back in the timetable with once-weekly direct flights from Frankfurt available in the summer flight schedule. Flights to Detroit, US, and to Montevideo, capital of Uruguay are to be stepped up to twice-weekly connections. In total Lufthansa Cargo is furnishing customers with around 9,000 flights weekly to 303 destinations in the summer flight schedules.

In spite of declining demand in the major airfreight markets in China and India Lufthansa Cargo returned an operating profit of EUR 249 million last year. Earnings rose by 5.3 per cent to EUR 2.9 billion.

In the initial months of the present year, Lufthansa Cargo has also found – in the Chinese Unitop logistics group – a partner for restructuring the Chinese joint-venture carrier, Jade Cargo International, in which Lufthansa Cargo holds a 25 per-cent stake.

In the current year, Lufthansa Cargo will continue to concentrate on its core business, CEO Peter Gerber told at the press conference in Frankfurt. Last year, the cargo carrier divested its stakes, among others, in Traxon Europe, a provider of electronic solutions for airlines, and LifeConEx, an expert in temperature-controlled logistics.

Quelle: LogEastics
Portal: www.logistik-express.com