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GLP, a world leading provider of modern logistics facilities, announced on June 19 that it had signed a strategic investment agreement with Eastern Air Logistics Co., Ltd. (hereinafter referred to as “EAL”) under China Eastern Air Holding Co., Ltd. GLP will invest RMB410.00 million to acquire 10% equity in EAL.

GLP CEO Mei Zhiming said: “GLP’s investment in EAL has important strategic significance for GLP to build an efficient logistics ecosystem. EAL‘s resources and experience in aviation hub warehousing, air cargo services and other fields will help GLP further enhance its ability to serve customers in the air cargo industry. We expect to work with EAL to expand the network of airport logistics facilities in China and even around the world, achieving common development.”
Liu Shaoyong, Chairman and Party Secretary of China Eastern Air Holding Co., Ltd., said: “We are very happy to become strategic partners with GLP. GLP and EAL can achieve complementary advantages and association between strong enterprises. GLP will not only support the development of EAL in China in terms of logistics infrastructure, but its ecosystem will also create greater value for EAL in terms of customer expansion and efficient operation.”
EAL was established in 2012 on the basis of the former China Cargo Airlines Ltd. by integrating Eastern Airlines cargo fleet, ground transportation and warehousing. It is positioned to be a high-end logistics solution service provider and integrated provider of aviation logistics ground services. EAL has a large number of high-quality property portfolios. Through strategic cooperation between two parties, GLP and EAL will seize the opportunity of consumption upgrading and jointly develop and operate air cargo logistics facilities. GLP will give full play to the professional experience and advantages of modern logistics facilities development and management, and better support EAL in optimizing supply chain management in air cargo sector and enhancing its integrated competitiveness.
GLP is committed to providing integrated logistics solutions to its customers. Through long-term dedicated efforts and input in the logistics field, it has formed an open logistics ecosystem that integrates high-quality resources in China and even in the world, and has many strategic resources of cooperation in hot subdivision areas such as multimodal transport, food supply chain services and cross-border e-commerce. Since 2014, GLP has established strategic partnerships with a number of industry-leading Chinese state-owned enterprises, including Bank of China, China Development Bank Capital, CMST Development Co., Ltd. and China International Marine Containers (Group) Ltd. (CIMC). Achievement of these strategic partnerships allows GLP to unite all parties and integrate the industry resources in order to jointly improve the level of the social logistics supply chain, favorable for further enhancing the integrated competitiveness of GLP business development in China.