Lufthansa Cargo and DHL Express launch cargo airline

DEUTSCHE Lufthansa has announced that it's founding a joint cargo airline with Deutsche Post World Net through their subsidiaries Lufthansa Cargo and DHL Express.

The new Leipzig-based company will focus on airfreight and express shipments into and out of Asia. Each company owns 50 per cent of the new firm.

The new cargo carrier will initially operate with eleven new Boeing 777-200LRF aircraft. The aircraft will be leased and are scheduled for delivery from February 2009. Flight operations begin in April 2009.