GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Sign for a Great Partnership

Dubai, United Arab Enirates – 25th June 2018:   The media briefing and signing ceremony of the joint venture between Turkish Airlines' Turkish Cargo successfully representing Turkey all around the world, Chinese cargo giant ZTO and Hong Kong based PAL Air Ltd. took place today in Istanbul.

The partnership regarded not only as a huge strategic step for Turkey prior to the opening of the Istanbul New Airport but a game changer for the global express transport business, was sealed and signed by Turkish Airlines Chairman of the Board and the Executive Committee, Mr. M. İlker Aycı, ZTO Express Chairman Mr. Mei Song LAI and PAL Air Ltd. Vice-Chairman Ms. Vivian Lau.

“Today, I feel privileged to welcome you all for the signing ceremony of a great partnership agreement between the biggest brands of China and Turkey. As Turkish Airlines, ZTO Express and PAL Air Ltd., we are announcing the signing of MoU to build a Joint Venture company to operate as a Global Express/ Courier company mainly focusing on Global E-commerce market with full door to door services. We are now delighted to make this strategic move into Global Express business together with the strong partnership of ZTO, the best and largest Express company from China and our long term cross border forwarding partner PAL Air Ltd. from Hong Kong. The Joint Venture, after reaching quickly to fully functional and operational levels, is expected to take place within the world's largest integrators. In 5 years' time it will generate over 2 billion USD of revenue. The growth is expected to continue gradually parallel to the e-commerce demand. 

The Istanbul New Airport will be opened by 29th of October this year and it will function as Turkish Airlines main operating hub. This mega hub, will gradually provide Turkish Cargo up to 4 million tons of cargo handling capacity, becoming one of the top 5 air cargo brands of the world. The flow of e-commerce products globally with this Joint Venture and via Istanbul Mega Hub; will provide maximum value to our customers worldwide.” said Mr. M. İlker Aycı, Chairman of the Board and the Executive Committee, Turkish Airlines.

The services of the new global express joint venture company which will be based in Hong Kong, will include all door to door logistics activities; trucking, collection & distribution, freight transportation, cross docking and final mile delivery. It will also include warehouse management, order and supply chain management when necessary. 

Alibaba Group amongst the partners

ZTO is the world's largest parcel distributer, by daily 28 million parcels and additionally having the widest express delivery coverage in whole China. In fact, very recently global giant Alibaba Group announced that they were to buy 10% of the ZTO Express through an investment of USD 1.38 billion, deal expected to close within June. 

PAL Air Ltd. on the other hand, has launched a B to C Wholesales Postal Express Service including last mile fulfillment to the Retail Express Services Providers in Hong Kong, China, Thailand, Vietnam, India and the USA. 

Speaking at the ceremony, ZTO Express Chairman Mr. Mei Song LAI commented; “In 2017, ZTO's annual parcel volume reached 6.22 billion parcels. As the largest express delivery Company in the world, ZTO is an open platform built on core values of 'Co-create and Share'. Because of the innovation and globalization of new retail and e-commerce, China's logistics industry is provided with tremendous new growth opportunities. ZTO will continue to solidify and strengthen its competitive advantage for domestic growth, and will actively explore and expand international markets, building cross-border business as an important growth engine for the future. 

The cooperation between the three partners will form synergy by combining strong core competencies and integrating key resources, and will undoubtfully effect positive progress in the areas of global express delivery, warehousing, cargo freight, and aviation route development and more, and will ultimately benefit traders and consumers globally.”

Pal Air Ltd. Vice-Chairman Ms. Vivian Lau said; “We are in one of the most exciting times of the human history. The IoT, robotics, artificial intelligence, 3D printing, VR/AR/MR will unleash unprecedented opportunities and challenges. To add to this list, the world is awaiting the launch of 5G which promises 10 gigabits per second, a hundred times faster than the current 4G technology. All these will provide further fuel to the already explosive e-commerce development. 

PAL is honored to have played a role in creating a three parties venture that will unleash the best of three worlds, together with two global giants, Turkish Airlines and ZTO. Turkish Airlines, ZTO, and PAL looks forward to the creation of a world class integrator.”

Along with booming e commerce volumes, Global Express/ Courier industry continues to show outstanding growth rates. In 2016, this industry had around 260 Billion USD revenue realization and it is now expected to reach 340 Billion USD in 2020 and to more than 400 Billion in 2023. With this partnership all sides are all engaged to increase their capability and exposure significantly.

Turkish Airlines, operating the largest global airline network in terms of reached international destinations and countries as flying over 300 destinations in 121 countries, with this step, will expand its business scope and provide a seamless service to its customers from pickup to line-haul to door-to-door delivery. At the same time ZTO, and Pal Air Ltd. will broaden their market focus from domestic China to global markets by using Turkish Airlines' world-wide exposure and network capability. 



Posted by : GoDubai Editorial Team
Viewed 10382 times
Posted on : Monday, June 25, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Abu Dhabi International Airport enhances traveler experience this summer season
Next Story : Abu Dhabi Airports Opens New Sleeping Facility for Transfer passengers in Terminal 3
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Police Is the Official Eyewear in Sony Pictures' “men in Black™: International”
Michael Kors Celebrates Old Bond Street Townhouse With a Series of Events
Discover the irresistible La Yuqawam Pour Femme Fragrance
Make their Eid special this year with these perfect gifts!
An essential guide to buying fragrance
Eid Gift Guide Options
Flormar's Three Beauty Essentials for Ramadan Nights
Gift your loved ones a fragrance to remember this Eid by Rasasi Perfumes
Rado True Thinline My Bird Limited Edition'
SPF Must Haves – for everyday sun exposure!
TAG Heuer launches 2 special editions to commemorate Indy 500 race - Carrera and...
Salvatore Ferragamo Timepieces – Spring/Summer 2019 Collection'
Tissot Chrono XL NBA Collector'
6,000 worshippers prayed with Sheikh Saad bin Said Al-Ghamdi at Grand Mosque of ...
Chronoswiss Flying Regulator Night and Day Limited Edition
Carl F. Bucherer celebrates premiere of John Wick: Chapter 3 – Parabellum...
MOUAWAD: Wedding Sets 2019
First Five Cities Revealed for New Call of Duty Esports League
HONOR Has Got You Covered This Eid With Multiple Gifting Options
Longchamp Eyewear Introduces a New Sunglass Style Featuring the Brand's Signatu...
V-Circle / Logomania Edition & Greca Edition
Dubai Customs discusses more cooperation with vegetable and fruit sector
The Ultimate Eid Gift Guide
Karl Lagerfeld and Puma Introduce Two Special-Edition Sneakers
Surprise beat Dubai 2020 to reach NAS Volleyball semis, meet Bin Thani next
Shop the new Elna Line Collection at The Edit
Parmigiano Reggiano Exports to Gcc Region Soars to 105.2 Tons
Discover the soul and spirit of Ramadan at The Dubai Mall through inspiring work...
Splash latest product images
Eberhard & Co. pays extravagant tribute to Alfa Romeo with Quadrifoglio Verde ch...
LIU JO Eyewear Presents the New Girl's Collection
Carrefour Hypermarket Opens at the World's First Nature Inspired Cityland Mall
Michael Kors Co-hosts the 10th Anniversary of the Annual Filmmakers Dinner
Regions' happiest workplaces revealed
Range Rover Reaches New Heights With Astronaut Edition Built to Celebrate Partn...
Al-Futtaim Engineering & Technologies and Alcatel-Lucent Enterprise introduce cu...
Listings: Manarat AL Saadiyat
Ambassador of Nepal Visits Al Maya Supermarkets
Looking for an opportunity to volunteer this Ramadan? Join Dubai Cares' 4-day vo...
OMEGA hosts a star-filled tribute to the 50th anniversary of the first lunar lan...
Abdul Latif Jameel Energy expands role in Middle East water sector
UAEU researcher refines literacy in the 21st century
MOHAP Youth Council organizes Art Exhibition and Competition to highlight Emirat...
The Luxury Closet supports Dubai Cares' global education programs
12th Edition of ‘Eiman Oasis' to be Held at Al Qasba Mosque During Ramadan
Visit Dubai Festival City this Ramadan and Grab Exclusive Offers
The iconic Maserati GranTurismo joins Dubai Police luxury patrol fleet
Grand Opening of Prof. Sakla Spanish Eye Clinic for Eye Surgeries & Treatments i...
Sultan bin Ahmed Al Qasimi Launches Kan Yama Kan Book Donation Campaign's fifth ...
Samsung Becomes First TV Manufacturer to Launch The Apple TV App and AirPlay 2