Lufthansa Cargo gets green light to buy Swiss WorldCargo
Lufthansa Cargo received Tuesday in Frankfurt antitrust approval to takeover Swiss WorldCargo. No financial details have been disclosed.
Swiss WorldCargo is the cargo division of Swiss International Air Lines.
'The two companies share a common vision of creating an optimized cargo organization within the Lufthansa Group to operate the air freight business of both Lufthansa Cargo and Swiss WorldCargo,' said the two companies in a joint statement.
Lufthansa was dethroned in 2004 by Korean Air Cargo as the world’s top air freight mover. Lufthansa had occupied the top rank since 1986.