Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Lufthansa, ANA Form Freight Venture on Europe-Japan Route

Sept. 3 (Bloomberg) -- ANA Holdings Inc. and Deutsche Lufthansa AG, both partners in the Star Alliance network of airlines, formed a venture to cooperate on cargo in routes connecting Japan and Europe.

ANA received antitrust immunity for the venture from the Japanese Ministry of Land, Infrastructure and Transport, the two airlines said in a joint statement posted on the website of the Asian carrier. The tie-up has been “positively assessed” by external counsel for compliance with relevant European Union antitrust regulations, the airlines said in the statement.

With the partnership, ANA and Lufthansa Cargo can jointly manage planning, pricing, sales and handling on all routes between Japan and Europe. An agreement will be signed in the next few weeks and the two carriers aim to start working together later this fiscal year, according to the statement.

Global air-freight markets rose strongly in July led by Asian carriers, after a slowdown at the start of the year, the International Air Transport Association said yesterday. European air freight lagged behind the industry reflecting the effects of the Russia-Ukraine crisis, including the impact of mounting economic sanctions, it said.

To contact the reporter on this story: Kiyotaka Matsuda in Tokyo at kmatsuda@bloomberg.net

To contact the editors responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net Brendan Scott

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.