US$40 million more enhances DHL's Yangtze-Shandong operations
POSTED: 8:40 a.m. EDT, May 31,2007
DHL has announced a new dedicated flight connecting Qingdao and Hangzhou with the global courier company's Central Asia hub in Hong Kong, a move that will increase the economic connectivity of the three cities and accelerate its express business in Zhejiang and Shandong provinces.
DHL has already started operations at the Hangzhou International Airport. These latest investments by DHL totalled about US$40 million, and are part of the planned $110 million investment in its China business in the next few years.
The new 10-times-a-week flight allows DHL to better meet the increasing demand due to the rapid economic development in these regions. The new flight, operated by a Yangtze River Express Airlines 737-300 freighter aircraft with a payload capacity of 13 tons, marks Hangzhou Airport's first international air express cargo connection.
The flight, together with DHL's new 2,000-square metre Hangzhou facility will boost the economic development in booming cities like Hangzhou, Ningbo and Qingdao, and further strengthen DHL's position in China.
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