Business

Etihad Cargo, SF Airlines to strengthen UAE-China trade with joint venture commitment

Abu Dhabi (WAM): Etihad Cargo, the cargo and logistics arm of Etihad Airways, and SF Airlines, a subsidiary of SF Holding, have announced their shared commitment to a project that will establish a landmark joint venture, marking an unprecedented milestone in the 40-year history of diplomatic relations between the UAE and China.

In a meeting at SF Airlines’ headquarters in Shenzhen, key representatives from both airlines convened to formalise their intention to establish a joint venture.

Present at the meeting were Mohammed Ali Al Shorafa, Chairman of Etihad Airways; Mansour Al Mulla, Vice Chairman of Etihad Airways; Antonoaldo Neves, CEO of Etihad Airways; Stanislas Brun, Vice President Cargo of Etihad Cargo; Leonard Rodrigues, Director of Revenue Management & Network Planning of Etihad Cargo; and Wang Wei, Chairman of SF Holding; Li Sheng, Vice President of SF Group and Chairman of SF Airlines; and Alex Ho, CFO of SF Group.

This joint venture project builds on the already successful partnership between Etihad Cargo and SF Airlines, which has significantly enhanced connectivity and capacity between China, the UAE, and global markets.

The current collaboration has seen both airlines sharing capacity to improve global trade routes, a relationship that has been mutually beneficial for both airlines and their customers.

The newly announced joint venture project will take this collaboration to unprecedented heights. Beyond capacity sharing, this partnership represents a full strategic alignment between Etihad Cargo and SF Airlines, combining their strengths to offer a unified, comprehensive logistics solution to customers worldwide.

Al Shorafa said, “This historic joint venture is a true testament to the robust and growing relationship between the UAE and China.”

He added, “Etihad is excited to embark on this new journey with SF Airlines, which will enable both airlines to provide even more connectivity, flexibility, and speed to customers for e-commerce and traditional air cargo verticals.”

Neves commented, “As the national carrier of the UAE, Etihad Airways is deeply committed to supporting Abu Dhabi’s vision of becoming a global logistics and express hub. This joint venture with SF Airlines is a critical step in realising that vision. By aligning our strengths, Etihad Airways and SF Airlines are enhancing operations and contributing to the economic growth and diversification of Abu Dhabi, Ezhou and Shenzhen. This partnership will be pivotal in positioning the UAE as a key player in global logistics, benefiting both our nations and the broader market.”

Key aspects of the joint venture include increased aircraft capacity, improved transit times, interconnected networks and the expanded distribution of SF Express’s international express services.

These enhancements will offer SF Airlines and its customers greater flexibility and faster European connections. Additionally, the partnership will expand the number of frequencies, hubs, and destinations served, leading to smoother transitions and more efficient operations.

Wang Wei said, “This joint venture is a pioneering development in air cargo logistics between China and the UAE. By joining forces with Etihad Cargo, we are setting new standards for the industry, particularly in response to the rising demand for e-commerce, airmail, and parcel delivery.”

This joint venture project underscores the airlines’ commitment to evolving their partnership for the benefit of the market and their customers. The collaboration will focus on integrating the customer service of Etihad Cargo with the extensive capacity and reach of SF Airlines, creating a synergy that is expected to significantly boost the potential of UAE-China trade routes.

The next phase of this partnership will involve finalising the scope of the collaboration, with updates to be provided in the near future and a definitive agreement to be signed shortly.

Etihad Cargo and SF Airlines are committed to continuing to develop their relationship, which will no longer see the airlines marketing independently but as partners dedicated to better serving their customers and the global market.

NM

Recent Posts

NATO is strong, united, more important than ever: says departing NATO chief

Brussels (WAM): Outgoing NATO chief Jens Stoltenberg cautioned the United States and Europe against "isolationism"…

1 hour ago

China’s central bank conducts $80.96 billion via reverse repos

Beijing (WAM): China's central bank conducted 571.9 billion yuan (about US$80.96 billion) of seven-day reverse repos…

1 hour ago

Public joint-stock companies pay AED61.73 bn in cash dividends, bonus shares in 2023: SCA

Abu Dhabi (WAM): The Securities and Commodities Authority (SCA) reported that public joint-stock companies in the…

1 hour ago

Al Asayl Exhibition 2024 kicks off at Expo Al Dhaid on September 26

Sharjah (WAM): The Expo Al Dhaid has announced the commencement of preparations for the third edition…

1 hour ago

UAE Council for Climate Action reviews progress in national climate initiatives, final preparations for COP29

Abu  Dhabi (WAM): The UAE Council for Climate Action outlined the progress in implementing national initiatives…

1 hour ago

UN Special Coordinator for ME Peace calls for establishing political, security frameworks to address humanitarian catastrophe in Gaza

New York (WAM): UN Special Coordinator for the Middle East Peace Process, Tor Wennesland, has…

2 hours ago