Freight Budapest to become cargo hub for STO Express
Chinese delivery services company STO Express and EKOL have signed an agreement to establish an European hub for air cargo transportation at Budapest Airport.
As part of the deal STO Express, together with the airport operator and intermodal company EKOL, based in Hungary, plans to establish a cargo transportation network in the near future, to transport products from China, through Budapest Airport, to customers in Europe; the latter with the help of EKOL Ltd.
STO Express’s first Boeing B747 cargo aircraft, filled primarily with e-commerce goods, arrived in the Hungarian capital on 3 November, in the colors of Silkway Italia, initially as a charter flight. After the signing of the cooperation agreement, STO Express plans to operate scheduled cargo flights to Budapest.
Cargo is a growing market at Budapest Airport. From January to October 2017, the airport operator handled around 103,700 tons of air cargo, which means a growth of 14.5%, compared to the same period last year.
The agreement was announced at the annual conference of the “16+1 cooperation” initiative, comprising China and 16 countries from the Central and Eastern European (CEE) region.
The cooperation agreement was signed on behalf of Budapest Airport by René Droese, director property and cargo, who commented: “On behalf of Budapest Airport, we warmly welcome this initiative by STO Express. Export-import between China and Hungary and the entire CEE region plays an important role in our rapidly developing market. (…) Our new air cargo base, the Cargo City, will commence operation in the summer of 2019.”
Source © Budapest Airport