[photopress:air_lufthansa_1.jpg,full,alignright]Lufthansa’s Cargo unit has established a joint venture company for the handling of airfreight in the northern Chinese city of Tianjin with Tianjin Airport Hua Yu Air Cargo Terminal (HYACT).
Lufthansa Cargo holds 46% in HYACT, Taiwanese investor Hwa-Hsia International Holding Ltd has 49% and Tianjin Airport International Logistics Joint Stock holds 5%.
Lufthansa Cargo head Carsten Spohr said in a statement, ‘Tianjin will develop into the most important airfreight hub in the north of China within the next few years’.
In China, Lufthansa Cargo already holds 29% in Shanghai Pudong International Airport Cargo Terminal, 50% in the International Cargo Centre Shenzhen, as well as 25% in freight company Jade Cargo International.
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