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The acquisition, expected to close by end of this year, will boost FedEx's air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin American region.
“The addition of Cargex offers future growth opportunities in the Latin American region, a key market for us.
This acquisition perfectly complements the roundtrip Colombia-to-Miami flight recently announced by FedEx Express.
We will connect customers throughout the Latin American market with even more possibilities by combining world-class FedEx transportation solutions with a comprehensive line of logistics service offerings.
We look forward to welcoming our new team members into the FedEx family and will utilise their expertise to make this integration a success,” said Udo Lange, chief operating officer and incoming president and CEO, FedEx Logistics.
Cargex has over 25 years of experience with a focus in export management of perishable goods.
The twice-weekly flights to Bogotá from Doha will operate via Luxembourg and Miami, while the service from Bogotá to Doha will operate via Liège, offering 200 tonnes on each leg.
These new destinations will commence close on the heels of the recent arrival of the airline’s twenty-first brand new B777 freighter on November 25.
The new freighter increased the airline’s freighter fleet to 28 aircraft.
The carrier also has an order for five additional B777 freighters, placed at the Paris Air Show 2019, with deliveries starting from April 2020 onwards.
Qatar Airways group chief executive, Akbar Al Baker, said, “Air cargo is a crucial element in the global transport system that supports international trade and the free flow of goods around the world.
The addition of these four new routes in South America further reinforces our position as one of the world’s leading air cargo providers, operating one of the largest networks in the world with the youngest and most environmentally efficient fleet in the industry.”