LUFTHANSA HAS ACQUIRED STAKE IN GF-X
Lufthansa Commercial Holding, a subsidiary of Lufthansa German Airlines, has acquired a 10 percent stake in Global Freight Exchange, a London-based start-up working to develop a wholesale air cargo marketplace online.
Lufthansa said the deal was signed at the end of April. Deutsche Post World Net, Lufthansa’s new partner in an electronic commerce joint venture, also acquired a 10 percent stake in GF-X last month.
“The investment in GF-X by Lufthansa Commercial Holding takes into account the growing importance of the Internet in the marketing and handling of services, and underscores the Lufthansa Group’s strategic interest in becoming more heavily involved in the e-commerce sector,” Lufthansa said.
GF-X is launching a pilot program of its capacity tracking and booking system this month with nine airlines and eight forwarders on selected routes worldwide.