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DHL Group mulls major Airbus or Boeing cargo plane order

EditorAmbhini Aishwarya
Published 11/14/2023, 02:00 PM
Updated 11/14/2023, 02:00 PM
© Reuters.

The DHL Group is contemplating a significant investment in new-generation cargo aircraft from either Airbus SE (OTC:EADSY) or Boeing (NYSE:BA) Co., CEO Tobias Meyer revealed Tuesday while in Hong Kong. The logistics giant is weighing its options between a one-time bulk purchase and a staggered approach to acquire the A350F or Boeing 777-8F models. This strategic move could lead to an agreement within the next two to three years, extending the company's aircraft orders beyond 2030.

During his visit, Meyer also announced the €377 million expansion of DHL's air cargo facility at Hong Kong's airport. This investment underscores DHL's commitment to enhancing its logistics infrastructure amid growing global demand for air freight services.

DHL Express currently manages a robust schedule of approximately 2,400 daily flights, utilizing a fleet that includes Boeing 777, 767, and 757 freighters as well as A330 and A300 aircraft. These operations are supported through partnerships with leading airlines such as Singapore Airlines (OTC:SINGY) Ltd. and Cathay Pacific Airways (OTC:CPCAY) Ltd., which contribute to DHL's extensive global reach and operational efficiency.

The potential order reflects DHL's proactive approach to future-proofing its fleet against a backdrop of increasing e-commerce and international trade. The decision hinges on which procurement strategy—bulk buying or piecemeal acquisition—will be more advantageous and appealing to the manufacturers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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