Cainiao Partners with Atlas Air To Launch Asia to South America Charter Program
October 12 2020 - 10:30PM
Cainiao Smart Logistics Network, (“Cainiao”), the logistics arm of
Alibaba Group Holding Limited, today announced a partnership to
launch a charter program with Atlas Air Worldwide Holdings,
Inc. (Nasdaq: AAWW) to enhance Alibaba’s extensive logistics
network as cross-border trade between China and Latin America
continues to expand.
Cainiao’s parcel volume to South America reached
over eight million packages in the third quarter of 2020, double
the number transported during the second quarter of this year.
Beginning in November, Atlas Air will operate three weekly charter
flights dedicated to Cainiao, linking China with Brazil and Chile,
reducing the overall shipping time from a week to three days on
average.
“At Cainiao, we continue to invest in our
network to support Alibaba merchants operating over 100,000 online
shops,” said William Xiong, Cainiao's Chief Strategist and General
Manager of Export Logistics. “Our partnership with Atlas Air will
help us establish an efficient, reliable network to South America
and other worldwide destinations by significantly reducing
airfreight delivery time for the merchants we support.”
“We are excited to support Cainiao and Alibaba’s
fast-growing e-commerce business and its global expansion in South
America, and we look forward to developing our partnership
further,” said President and Chief Executive Officer John Dietrich,
Atlas Air Worldwide. “The global scale of our operating networks
will enable Cainiao to continue to enhance its logistics
capabilities and meet its objectives to offer customers faster
deliveries globally.”
As previously announced by Cainiao, the company
is committed to facilitating international trade by improving
overall supply chain efficiency and launching direct routes to
major regions across the globe. Cainiao is expected to operate
about 1,300 chartered flights by the end of 2020.
About Cainiao:
Founded in 2013, Cainiao Smart Logistics Network
(“Cainiao”) is a technology company and the logistics affiliate of
Alibaba Group. It adopts a collaborative approach to logistics with
an innovative and open data platform that improves efficiency and
customer experience for all players along the supply chain. It
carries forward Alibaba’s mission of making it easy to do business
anywhere by aiming to deliver anywhere in China within 24 hours,
and across the globe within 72 hours.
Media ContactJin
WUjinwujun@alibaba-inc.com+86 150 1060 0187
About Atlas Air Worldwide:
Atlas Air Worldwide is a leading global provider
of outsourced aircraft and aviation operating services. It is the
parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and
Titan Aviation Holdings, Inc., and is the majority shareholder of
Polar Air Cargo Worldwide, Inc. Our companies operate the world’s
largest fleet of 747 freighter aircraft and provide customers the
broadest array of Boeing 747, 777, 767 and 737 aircraft for
domestic, regional and international cargo and passenger
operations.
Atlas Air Worldwide’s press releases, SEC
filings and other information may be accessed through the company’s
home page, www.atlasairworldwide.com.
ContactsInvestors –
Eric.Camadeco@atlasair.com Media – Debbie.Coffey@atlasair.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6bbd0b87-41f9-4e3e-ac6b-928d704de8f1
https://www.globenewswire.com/NewsRoom/AttachmentNg/aa9e0f5e-a945-4630-9725-3b8fbe8daddd
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