Lufthansa and Austrian Airlines form cargo unit

5/29/2010 10:47:52 AM

Lufthansa Cargo AG and Austrian Airlines have formed a joint company, Austrian Lufthansa Cargo, which will be headquartered in Vienna. As part of the close cooperation agreed between the two airlines, the new company will be responsible for marketing the entire freight capacity of aircraft operated by Austrian Airlines and Lufthansa Cargo in the Austrian market. All the freight handling activities in Austria and the expansion of Vienna airport into a further hub for Lufthansa Cargo will be managed by Austrian Lufthansa Cargo. Lufthansa Cargo will hold a 74 percent stake in the new company and Austrian Airlines 26 percent. Cargonews Asia

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