September 28, 2016 9:29 AM ET

Air Freight and Logistics

Company Overview of Lufthansa Cargo AG

Company Overview

Lufthansa Cargo AG operates as a cargo carrier that focuses on the airport-to-airport freight business. It offers standard, express, and special freight services. The company provides logistics solutions for agriculture and food, art and culture, automotive, chemical, healthcare, and oil and gas industries. It serves customers in Germany and internationally. Lufthansa Cargo AG was formerly known as German Cargo Services GmbH and changed its name to Lufthansa Cargo AG in 1995. The company was founded in 1977 and is based in Frankfurt am Main, Germany. Lufthansa Cargo AG operates as a subsidiary of Deutsche Lufthansa Aktiengesellschaft.

Frankfurt Airport

Gate 21

Building 322

Frankfurt am Main,  60546

Germany

Founded in 1977

Phone:

49 69 696 0

Fax:

49 69 696 91185

Key Executives for Lufthansa Cargo AG

Chairman of The Executive Board and Chief Executive Officer
Age: 52
Head of Communications
Vice President of Transport Management & Flight Operations and Accountable Manager
Vice President of Product Management & Competence Center
Director of Sales & Handling Nordic and Baltic
Compensation as of Fiscal Year 2016.

Lufthansa Cargo AG Key Developments

Lufthansa Cargo Reports Earnings Results for the First Half of 2016

Lufthansa Cargo reported earnings results for the first half of 2016. For the half year, the company announced decline in earnings of EUR 95 million. As expected, however, the fall was lower in the second quarter and in the first.

Cathay Pacific Airways and Lufthansa Cargo Sign Joint Network Agreement

Lufthansa Cargo and Cathay Pacific Airways have signed a business agreement to provide a joint network of routes between Hong Kong and Europe. The joint network will cover more than 140 direct flights per week between Hong Kong and 13 European destinations. As a result of joining forces, customers will gain access to unique flexibility with more flights to choose from and a combination of feeder and direct flights. The cooperation will also focus on service enhancements. For example, customers will be able to access the entire joint network via the booking systems of both partners. Joint handling, initially at the Hong Kong and Frankfurt hubs, will also make things easier for customers since there will be just one point for export drop off and import delivery. Both partners plan to transport the first shipments under the framework of the cooperation from early next year - initially from Hong Kong to Europe. The ability to also book eastbound shipments from Europe to Hong Kong will then follow in the course of the year. The joint activities will be carried out in full compliance with all applicable laws, including the competition rules of the European Union and Hong Kong.

Lufthansa Cargo AG and ANA Cargo Announce Joint Venture

Lufthansa Cargo AG and ANA Cargo announced joint venture to cover Europe to Japan as of August. More and faster connections, more capacity, flexibility and time saving: these are the benefits available to European customers of Lufthansa Cargo and ANA Cargo as of 3 August. Both airlines are expanding their joint venture for freight consignments to routes from Europe to Japan. This means that European customers also have access to the shared network of the two airlines made up of over 90 weekly direct flights between Europe and Japan. First customers in Germany, France, United Kingdom and Austria will participate in the partnership. All other European countries will follow step by step. Lufthansa Cargo and ANA Cargo flights currently connect Frankfurt, Munich, Düsseldorf, London Heathrow, Paris Charles-de-Gaulle and Vienna with Tokyo Narita, Tokyo Haneda, Nagoya and Osaka. Both partners are offering their flights in a shared network on the cooperation routes. Freight is also handled at numerous stations in shared warehouses both in Japan and Europe.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 26, 2016
time:matters GmbH
 

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