Singapore Airlines in Deal to Operate Five DHL Express Aircraft
March 10 2022 - 6:15AM
Dow Jones News
By Anniek Bao
Singapore Airlines Ltd. has signed a deal with global shipper
DHL Express to provide crew and maintenance for five Boeing 777
freighters on routes to the U.S.via points in North Asia.
The move is part of DHL Express's bid to tap the growing demand
in international express shipping markets.
The freighters will be delivered beginning in July and
throughout 2023, and will be based at Singapore's Changi Airport,
the companies said in a joint statement Thursday.
"Following the pandemic, we see good prospects for strong growth
in trans-Pacific trade lanes," said Travis Cobb, a DHL Express
executive vice president. The initial deal is set for more than
four years and could be extended.
Singapore's flag carrier swung to a profit in the quarter ended
December, its first since the coronavirus pandemic began, thanks
partially to record cargo revenue. Its cargo segment was lifted by
robust demand amid an industry capacity crunch, the company said
last month.
Write to Anniek Bao at anniek.bao@wsj.com
(END) Dow Jones Newswires
March 10, 2022 06:00 ET (11:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Deutsche Post (PK) (USOTC:DPSGY)
Historical Stock Chart
From Jul 2024 to Aug 2024
Deutsche Post (PK) (USOTC:DPSGY)
Historical Stock Chart
From Aug 2023 to Aug 2024