This week two of the largest and well known air cargo operators launched a joint venture partnership to be known by the brand name AeroLogic.

Lufthansa Cargo and DHL have formed the joint venture with each of the the parent companies each holding a fifty per cent stake in the off-shoot.

AeroLogic have successfully leased eight Boeing 777 Long Range Freighter (LRF) aircraft which will wear the new carriers grey and yellow colours and fly to destinations in Europe, Asia and North America from next year.

Management from both DHL and Lufthansa Cargo expressed satisfaction with the new venture, CEO and Chairman of Lufthansa Cargo Carsten Spohr said on the occasion of the announcement “It is the culmination of a successful partnership that has existed for many years between DHL Express and Lufthansa Cargo. The neutral brand symbolises our offer of competent and competitive transport services right across the air cargo sector.” 

Chief Executive Officer DHL Aviation Charles Graham outlining the short to mid-term future of the venture said that “the first four aircraft are scheduled for delivery in 2009. “That will enable us to gradually build up AeroLogic’s route network. Four more freighters will follow in 2010, a further two in 2011. And we plan to add a reserve aircraft to the fleet in 2012.”

Both DHL and Lufthansa Cargo will be responsible for sales and warehouse handling for the new venture with operations being both planned around DHL and Lufthansa Cargo’s requirements as well as having AeroLogic supplement some of the  parent company’s existing services.

Source: Lufthansa Cargo and AeroLogic

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