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Press Releases
BEIJING, November 11, 1999 - Federal Express Corporation (FedEx),
the world's largest express transportation company, and Tianjin-based
Da Tian W. Air Service Corporation, today announced the formation
of a new joint venture in Beijing. Federal Express-DTW Co. Ltd.
is a joint venture dedicated to providing unparalleled international
express transportation services for customers with shipping requirements
to and from China.
David Cunningham, FedEx Asia Pacific President, and Wang Shusheng,
Da Tian president, officiated at the launch ceremony held at the
China World Hotel. Eddy Chan, FedEx Regional Vice President for
China and Mid Pacific, and Wilson Ma, Da Tian Vice President, were
also present.
"Federal Express-DTW Co. Ltd. brings together two powerhouses in
the express transportation industry," said David Cunningham. "With
a strong network and a proven track record in the Chinese marketplace,
Da Tian is an ideal partner for FedEx and together we hope to further
develop the international express business in China. We are confident
that Federal Express-DTW Co. Ltd. will prove to be a successful
partnership for years to come."
Mr. Cunningham also expressed his appreciation for the continued
support of the Ministry of Foreign Trade and Economic Cooperation
(MOFTEC), the State Administration for Industry and Commerce (SAIC),
the General Administration of Customs, the Civil Aviation Administration
of China (CAAC) and other authorities in helping to make the joint
venture possible.
Beijing-based Federal Express-DTW Co. Ltd. commenced operations
on November 1, 1999 and provides world-class, fast, time-definite
and reliable express delivery service. With the continued assistance
and support of MOFTEC, SAIC, Customs, CAAC, the new joint venture
company plans to establish branch offices in Shanghai, Guangzhou
and Shenzhen by the end of the year 2000 and open offices in an
additional 100 cities across the country by 2005.
"We at Da Tian are proud to be a part of this joint venture. FedEx's
world-class management practices, cutting-edge technology and unsurpassed
integrated global express transportation network are invaluable
assets to Da Tian," said Wang Shusheng, Da Tian President. "We firmly
believe this new undertaking will lead to a win-win partnership
and enable us to provide the best possible service to our customers
in China."
Eddy Chan Regional Vice President for FedEx China and Mid-Pacific
added, "This joint venture is yet another step in FedEx's continued
investment in China and further demonstrates our long-term commitment
to this market. Today, companies are operating more and more on
an international basis and as such, the importance of international
air express is key to remaining competitive. We hope that the express
service provided by Federal Express-DTW Co. Ltd. will assist China-based
companies in strengthening their competitiveness in the global marketplace."
Over the past month, FedEx has further bolstered its services in
China. In mid- October, the company launched an industry-first simplified
Chinese web page in China, allowing shippers and viewers to surf
the site and track the status of shipments in their own language
(www.fedex.com). On November 2, FedEx initiated a five-time weekly
Shenzhen flight, connecting southern China to FedEx's international
network of 209 countries. FedEx also opened an express handling
facility at the Huangtian International Airport in Shenzhen, the
first of its kind in China. Concurrently, FedEx increased its flight
schedule to Beijing and Shanghai from four to five times weekly.
Founded in 1992, Da Tian W. Air Service Corporation is based in
Tianjin, with branches in 16 cities in China. Specializing in forwarding,
charter operation and dangerous goods handling, the company was
ranked one of China's top five forwarding companies in 1997.
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