Record Q4 for Lufthansa Cargo as its faith in ecommerce pays off
Lufthansa Cargo said it had a record set of results in the fourth quarter – ...
L to R: ZTO chairman Mei Song Lai, Turkish Airlines chairman Ilker Ayci, vice chair of PAL, Vivian Lau, Turhan Özen, Turkish chief cargo officer
Turkish Cargo has set its sights on the Chinese market with the announcement of a joint-venture with ZTO Express and PAL Air, offering door-to-door logistics services.
Based in Hong Kong, the JV – which has its eyes firmly on the $300bn-plus e-commerce sector – can also provide order management, supply chain and warehouse management services.
Chairman of Turkish Airlines Ilker Ayci said the JV, believed to be named Global Ekspres, would generate more than $2bn in revenue by 2023.
“Istanbul New Airport will be open ...
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