Budapest Airport, the Chinese Henan Airport Group, and the Chinese-Hungarian business and logistics development company, CECZ/Utlink, have signed a cooperation agreement aimed at establishing an “aerial Silk Road” between Hungary and China. The deal is expected to bring important economic opportunities and foster a significant expansion of air freight between Hungary and China, by connecting Budapest Airport (BUD) and Zhengzhou Airport (CGO).
One component of the collaboration, a direct CGO-BUD-CGO cargo flight organized by the CECZ/Utlink group and launched last October, was operated by Hainan Airlines five times a week. Dedicated cargo handling warehouses have already been established at Budapest and Zhengzhou airports to handle the traffic.
As a first result of the agreement, Cainiao, Alibaba’s logistics company, has designated Budapest Airport as its East-Central European hub and first deliveries commenced last month. As a result of successful implementation, tons of freight (thousands of packages) are arriving at Budapest Airport on a daily basis, and much greater volumes are expected going forward, primarily thanks to the regional hub designation.
A total of three US soldiers were found dead while a fourth remains missing after…
The US and Russia are discussing the potential reopening of the Nord Stream 2 gas…
Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday…
Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and…
Romania and Poland have gender pay disparities among the lowest in the EU, according to…
European leaders met in Brussels on 20 March to confront a mounting policy dilemma: how…