Lufthansa Cargo and Austrian Airlines found joint subsidiary in Vienna - Franz Zöchbauer and Hasso Schmidt appointed Managing Directors of Austrian Lufthansa Cargo GmbH
Vrsta objave: Plan poslovanja
Lufthansa Cargo AG and Austrian Airlines have formed a joint company, Austrian Lufthansa Cargo GmbH, 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 GmbH. Lufthansa Cargo will hold a 74 per cent stake in the new company, Austrian Airlines 26 per cent.
Franz Zöchbauer and Hasso Schmidt will assume management of the company, which will have a staff of about 120. Zöchbauer, who formerly headed the Austrian Cargo Division at Austrian Airlines, will be responsible, among other things, for expanding the Vienna hub. Hasso Schmidt holds the post of Director Austria, Eastern - & South Eastern Europe, Turkey and Israel at Lufthansa Cargo, and is based in Vienna. He will also assume responsibility for sales for Austrian Lufthansa Cargo GmbH while retaining his existing remit.
In February, Lufthansa Cargo and Austrian Cargo announced that they would begin cooperating closely in July of this year. Integrating Austrian Airlines' capacities into Lufthansa Cargo's product portfolio will give the two companies joint customers access to an even more extensive range of services. Processes will be standardised with the aim of achieving cost synergies.
Lufthansa Cargo AG
Lufthansa Cargo ranks among the world's leading cargo carriers. In the 2009 financial year, the airline transported around 1.5 million tonnes of freight and mail and clocked up 7.4 billion revenue tonne-kilometres. The Company currently employs about 4,500 people, worldwide. Lufthansa Cargo focuses on the airport-to-airport business. The cargo carrier serves some 300 destinations in 90 countries with its own fleet of freighters, the belly capacities of Lufthansa's passenger aircraft and an extensive road feeder services network. The bulk of the cargo business is routed through Frankfurt Airport. Lufthansa Cargo is a wholly owned Lufthansa subsidiary. In the 2009 financial year, it posted revenues totalling 1.9 billion euros.
AustriaAustrian Airlines
Austrian Airlines is Austria's largest carrier and offers a global route network of round 130 destinations. In Central and Eastern Europe, the route network is particularly dense: With 42 destinations Austrian Airlines is the market leader throughout the region. Thanks to its favourable geographical location at the heart of Europe, the company's hub at Vienna International Airport is the ideal gateway between East and West. Austrian Airlines is part of the Lufthansa Group, Europe's largest airline group, and a member of the Star Alliance, the first global alliance of international airlines.
Press contacts:
Lufthansa Cargo AG
Communications
Michael Göntgens
Tel.: +49 69 696 95447
Fax: +49 69 696 98 95447
michael.goentgens@dlh.de
www.lufthansa-cargo.com
Austrian Airlines AG
Corporate Communications AUSTRIAN AIRLINES GROUP: Martin HEHEMANN / Patricia
STRAMPFER / Pia STRADIOT / Michael BRAUN; Tel: +43 (0) 51766 11231,
martin.hehemann@austrian.com, patricia.strampfer@austrian.com, pia.stradiot@austrian.com;
michael.braun@austrian.com