Lufthansa Cargo looks to emerging markets
Attack is clearly the best form of defence for Lufthansa Cargo, as the German airfreight company has looked beyond worrying March figures by opening up new freighter routes to Vietnam and China.
While the company’s freight traffic dropped 19.9% in March in comparison to a year earlier – a figure that is comparable to the results being witnessed by most European carriers – Lufthansa will now provide a weekly service between Frankfurt and Hanoi and a weekly schedule to Hyderabad.
The carrier has also launched an additional service to Malta, and its Chinese joint eventure, Jade Cargo International, is to begin operating regular B747-400ERF services between China, India and Africa this week, using Sharjah as a stopover point.
“In the present difficult economic environment, Lufthansa Cargo is making the most of market opportunities,” said Lufthansa Cargo chairman Carsten Spohr.
“Vietnam, southern India and Malta have evolved into excellent markets for airfreight shipments in recent years. The integration of Nigeria in the route network of Jade Cargo International has, moreover, opened up attractive growth opportunities between Africa and Asia,“ Spohr added.