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– Kamal Narang

Mr.Wolfgang Lehmacher (left), Chairman, DPD Continental Ltd, President and Chief Executive Officer, GeoPost Intercontinental SAS, Paris, and Mr Vipin Vohra Vice-Chairman DPD Continental Pvt.Ltd. and CMD, Continental Carries Group of Companies, at a press conference in the Capital on Wednesday.

Our Bureau

New Delhi, July 1 Geopost, the express parcel arm of French Groupe La Poste, on Wednesday announced its partnership with Continental Air Express Private Ltd to set up a joint venture firm offering in bound and outbound express parcel services.

In a statement, the company said that the Foreign Investment Promotion Board recently approved an application of GeoPost Intercontinental SAS and Continental Air Express Private Ltd to establish the joint venture.

“GeoPost Intercontinental, the international expansion vehicle of Geoposts will hold 60 per cent shares in the new joint venture,” the statement adds.

Initially the company will offer its services in New Delhi, Mumbai, Bangalore, Chennai and Kolkata by the end of the year.

“Globally our strategy has been to partner with airlines and fleet operators for delivery of packages.

“This is what we intend to follow here. We will be basically targeting parcels weighing of 5-8 kg ” Mr Wolfgang Lehmacher, President and CEO, Geopost Incontinental SAS said.

More Stories on : Air Cargo | Alliances & Joint Ventures

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