GAC Hong Kong has signed a one-year capacity purchase agreement with Lufthansa Cargo for the movement of cargo between Hong Kong and Europe.
Under the agreement, GAC Hong Kong is assured space allocation and competitive rates from Lufthansa Cargo, greatly increasing its weekly capacity and enhancing its ability to offer quality services at attractive rates to its growing client base. In return, GAC is committed to transporting airfreight cargo on the airline which is posting high growth rates, especially for traffic to and from Asia.
The agreement was secured by GAC Hong Kong and GAC's Global Purchasing Unit (GPU) based in Thailand.
"We have been working closely with Lufthansa Cargo at a local and regional level," said Stuart Bowie, Managing Director, GAC Hong Kong. "This agreement represents significant progress in what is expected to be a productive partnership for both companies.
John Faulds, GAC Global Purchasing Unit Manager for airfreight said: “As Hong Kong serves as an important international trans-shipment centre for the Southern China region which is fast growing as a manufacturing centre, expanding our network in strategic locations with like-minded companies is an important business objective. We are continuously exploring ways to increase our market share in the ongoing growth of Chinese exports.”
“Working with Luftthansa Cargo will enable our company to offer the best levels of service to our customers,” he said, “and this is in line with our common values of service excellence,” adds Mr Faulds.
About GAC Group
The GAC Group (GAC) is the world's largest independent shipping, logistics and marine services provider, with over 260 offices worldwide. Established in 1956, GAC's core business covers three key areas - shipping, logistics and marine services. The GAC reflects value for money, quality, continuity, innovation and global reach. GAC employs more than 7,300 people worldwide. The GAC Group corporate head office is in Dubai, in the United Arab Emirates.
About Lufthansa Cargo
Lufthansa Cargo ranks in the forefront of the world’s biggest cargo carriers. In 2005, it carried 1.74 million tonnes of freight and mail. A wholly-owned subsidiary of Deutsche Lufthansa AG, it sold 7.73 billion revenue tonne-kilometres, giving it a world market share of about seven per cent. Lufthansa Cargo currently employs a total of about 4,700 staff around the globe. Its core competence is in the airport-to-airport business.
