Turkish Airlines, ZTO Express and PAL Air to launch logistics services company

Turkish Airlines’ Turkish Cargo has inked a partnership agreement with ZTO and Pal Air . According to the agreement, a new joint venture will be established in Hong Kong which will provide a range of logistic services. The partnership was sealed and signed by Turkish Airlines Chairman of the Board and the Executive Committee, M İlker Aycı, ZTO Express Chairman Mei Song LAI and PAL Air Ltd. Vice-Chairman 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,” said Aycı, Chairman of the Board and the Executive Committee, Turkish Airlines.