Lufthansa in cargo project with Austrian Airlinesby Robeel Haq on May 30, 2010
Lufthansa Cargo and Austrian Airlines have announced the launch of a joint company, Austrian Lufthansa Cargo, which will be headquartered in Vienna.
The new company will be responsible for marketing the entire freight capacity of aircraft operated by Austrian Airlines and Lufthansa Cargo in the Austrian market.
"All the freight handling activities in Austria and the expansion of Vienna airport into a further hub for Lufthansa Cargo will be managed by Austrian Lufthansa Cargo," stated a press release.
Lufthansa Cargo will hold a 74% stake in the new company, while Austrian Airlines has a 26% stake.