Qatar Airways Cargo, IAG Cargo and MAB Kargo Sdn Bhd (MASkargo) announced today their intentions to launch a Global Cargo Joint Business, which, subject to regulatory approval, will enable the carriers to further enhance existing service levels to customers and partners across the global air freight market.
The strategic collaboration will bring together the expertise and infrastructure of three leading players in the air cargo industry and seeks to create significant customer benefits.
“Today marks a significant milestone in our ongoing efforts to redefine the global air cargo landscape. This agreement will bring together three strong players to offer unparalleled service and global connectivity, reinforcing our commitment to customer satisfaction and operational excellence,” stated Mark Drusch, chief officer cargo at Qatar Airways Cargo.
Facilitating global trade
A streamlined product offering, enhanced connectivity, faster transit times and new routing opportunities across their combined extensive networks will deliver greater value and service flexibility to customers worldwide. In addition, the three companies are jointly working on developing industry-leading harmonized safety and security standards for their customers.
“This agreement is a testament to our history of bringing businesses together. With years of experience in forging successful collaborations, we understand the real value they bring. This joint business not only unlocks choice and opportunities for our customers but also enhances connectivity for the businesses and industries they serve, further strengthening the role air cargo plays in facilitating global trade,” added David Shepherd, CEO at IAG Cargo.
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More agile cargo network to address sector’s needs
This ground-breaking trilateral partnership will significantly improve the accessibility and efficiency of air freight, enabling customers to expand their global air freight. By combining their resources, Qatar Airways Cargo, IAG Cargo and MASkargo plan to build a truly connected, more agile cargo network that will address the evolving needs of global trade and logistics.
Notably, Qatar Airways Cargo currently serves a global network of more than 60 freighter destinations and 170 passenger destinations utilising freighters and belly-hold passenger aircraft. The airline’s freighter fleet includes 28 Boeing 777 freighters and 230 belly-hold planes.
The carriers expect to implement the agreement in the near future, subject to first obtaining the necessary regulatory clearances.
“This strategic collaboration marks a pivotal moment for MASkargo and the air cargo industry. By leveraging our combined strengths and expertise, we will provide enhanced service offerings, expanded global reach and cutting-edge solutions that address the evolving needs of the global market, ensuring greater efficiency and connectivity for our partners and customers,” noted Mark Jason Thomas, CEO at MASkargo.
