Dec 13, 2017: DHL and Air Hong Kong extend their relationship with a new 15-year agreement
(WorldNews Germany)

DHL Express, the world`s leading international express services provider, has extended its partnership with AHK Air Hong Kong Limited with a new 15-year block-space agreement which will enable the carrier`s overnight air services to continue supporting the DHL Express network until 2033. As part of the new commercial arrangements, DHL will sell its 40% stake in Air Hong Kong to majority-owner Cathay Pacific, and purchase eight of Air Hong Kong`s A300-600F cargo planes which will then be leased back to the carrier. The new arrangement will provide a stable revenue stream to Air Hong Kong and a predictable cost base for DHL. The new agreement takes effect on 1 January 2019,...