German logistics firm Deutsche Post DHL expands the group’s airborne capacity in a five-year collaboration deal with Canadian company Cargojet, which will give DHL access to an additional five transport planes of the type B767 during 2022-2023, according to a statement by DHL.

Cargojet already services DHL with a fleet of 12 freight planes, and DHL is going to use the extra planes in Europe, Asia and across the Americas.

According to the statement, DHL expanded its capacity within air freight in North and South America by 18 percent during the peak load seen in 2021 to accommodate increased demand. The company has also set up an extra weekly flight between Vietnam and the US with a capacity of 102 tonnes of goods for US imports from Asia.

A large part of DHL’s growth in air freight stems from e-commerce.

”Cargojet is an important aviation partner of DHL in North America and we see this expansion of our relationship further strengthening intra-regional and intercontinental links to and from this region,” says DHL Express Americas Chief Executive Mike Parra in the statement.

The cooperation agreement also provides DHL with the option of buying up to 9.5 percent of Cargojet’s voting shares at a price of CAD 158.92 (USD 127.33) per share.

English edit: Jonas Sahl Hollænder

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