BIZCHINA / Overseas Investment
UPS ready to open hub in Shanghai
(Shanghai Daily)
Updated: 2007-04-12 14:53
United Parcel Service Inc today signed an agreement with the Shanghai
Airport Authority to establish an international air hub at Shanghai
Pudong International Airport with an initial investment of over US$20
million.
The hub, which is under construction and scheduled to open next year,
will link all of China via Shanghai to UPS's international network with
direct service to the Americas, Europe and Asia, UPS said.
Covering an area of 96,000 square meters, the hub will have 200 employees
initially and over 1,000 when fully operational.
It will also connect the rest of China through a dedicated service by
Yangtze River Express Airlines, a Chinese all-cargo carrier.
The hub will be enhanced by the self-handling capability by UPS in ground
handling, terminal operations and express handling, UPS said.
The deal benefits from the Sino-US Civil Aviation Accord of 2004 which
pledges to open up the sky of the both countries and allowed UPS to enjoy
more flexibility on flight schedules once it met the criteria for setting
up an air hub in China.
(For more biz stories, please visit Industry Updates)
Learn Chinese, Chinese Mandarin
No comments:
Post a Comment