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PRESS RELEASE

December 17, 2014: Shanghai Pudong Int'l Airport Cargo Terminal Co., Ltd. (PACTL) has achieved tonnage growth of 13.84 percent year-on-year, reaching a figure of 147,267 tonnes of freight in November. PACTL has thus reached the strongest monthly result in the company's history.

PACTL's domestic cargo volume grew by 12.99 percent year-on-year to 9,744 tonnes in November while its international cargo volumes rose by 13.90 percent to 137,523 tonnes. Imports increased by 17.49 percent to 56,187 tonnes, while exports showed a growth of 11.70 percent, reaching a figure of 91,080 tonnes in November.

"We were able to continue the strong performance of the previous months which was mainly supported by an ongoing increase of our operational efficiency and the positive development of our customer's business. We were thus able to further increase our market share," says Lutz Grzegorz, Vice President of PACTL. 47.8 percent of the air cargo handled at Shanghai Pudong International Airport in the first ten months of 2014 was processed by PACTL.

PACTL is a Sino-German joint venture based at Shanghai Pudong International Airport (PVG). It brings together three shareholders – Shanghai Airport (Group) Co., Ltd. (51%), Lufthansa Cargo AG (29%) and JHJ Logistics Management Co. Ltd. (20%). PACTL offers handling services to airlines and forwarders transporting domestic and international air-freight via Pudong. Founded in 1999, the company has become one of the leading cargo terminal handlers in the world and has played a key role in establishing Pudong as one of the major cargo hubs in China. Based on recent figures, PACTL employs 2,200 people and serves 52 permanent and several charter customers. PACTL handled about 1.3 million tonnes of air-freight in 2013.

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