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Budapest Airport pins hopes on China e-commerce to fuel growth

HUNGARY Budapest Airport's new growth strategy for Asia includes additional direct freighter and belly cargo routes to China as well as enhanced e-commerce capabilities, starting from the New Year

Budapest Airport pins hopes on China e-commerce to fuel growth

HUNGARY Budapest Airport's new growth strategy for Asia includes additional direct freighter and belly cargo routes to China as well as enhanced e-commerce capabilities, starting from the New Year

02 January 2019 - 19:00

HUNGARY Budapest Airport's new growth strategy for Asia includes additional direct freighter and belly cargo routes to China as well as enhanced e-commerce capabilities, starting from the New Year.

The plans align with the airport's ongoing BUD20:20 expansion programme, which includes the Cargo City development that is scheduled to open this year, after BUD added new freighter operations from both AirBridgeCargo and Silk Way West Airlines.



To drive the vision forwards, a delegation from BUD attended the 15th China Air Cargo Summit in Shanghai where they, along with support from the Consulate General of Hungary in Shanghai, met with Chinese e-commerce companies and China-based and international carriers, reported The STAT Times, Navi Mumbai.



'China plays a major part in our BUD:2020 growth programme, and we are working together with some of the country's largest logistics and transport companies to meet rising demand for imports from China,' said Budapest Airport cargo executive director Rene Droese.



'The new freighter routes launched this year complement our existing direct and indirect scheduled freighter and belly cargo connections with China operated by Air China, Cargolux, Emirates, Qatar Airways Cargo and Turkish Cargo,' said Mr Droese.



'The forwarder community in our region is seeking new ways to reach the Asia market; in addition to this we are witnessing an increasing demand from Chinese e-commerce companies for new, efficient distribution hubs in Eastern Europe, which amounts to a unique opportunity for us,' he said.



Mr Droese also said e-commerce is a 'major driver of growth in the air cargo market, particularly in Hungary where we are seeing more than 25 per cent growth rate per year, which is one of the reasons Budapest is one of the fastest growing cargo airports in Europe.



'The electronics and automotive business is booming in our region and more Chinese investment was announced recently regarding these sectors,' he said.



The new China routes from BUD are expected to take off next summer and the airport is currently in discussion with include Alibaba Group, SF, ZTO and STO Express.



Budapest Airport plans to become Central Eastern Europe's largest cargo hub under BUD:2020. As part of the programme, construction of the Cargo City began this September and will centralise cargo operations, expanding the airport's handling capacity.



In the period between October 2017 and 2018 the volume of trucked and flown freight rose by 22.9 per cent compared to the previous year.


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