Qatar Airways Cargo, IAG Cargo, and MAB Kargo Sdn Bhd (MASkargo) have announced their intention to launch a Global Cargo Joint Business.

In a joint statement, the companies said that, subject to regulatory approval, the partnership will enable the carriers to enhance existing service levels for customers and partners across the global air freight market.

"The strategic collaboration will bring together the combined expertise and infrastructure of three leading players in the air cargo industry and is aimed at creating significant customer benefits," the announcement said, adding that it will also offer streamlined product offering, enhanced connectivity, faster transit times, and new routing opportunities across their combined networks.

The parties are also working together to develop industry-leading, harmonized safety and security standards for their customers.

By combining their resources, Qatar Airways Cargo, IAG Cargo and MASkargo said the plan is to build a "truly connected, more agile cargo network that will address the evolving needs of global trade and logistics."

"Today marks a significant milestone in our ongoing efforts to redefine the global air cargo landscape. This agreement will bring together three strong players to offer unparalleled service and global connectivity, reinforcing our commitment to customer satisfaction and operational excellence," said 
Mark Drusch, chief officer cargo at Qatar Airways Cargo.

David Shepherd, chief executive officer at IAG Cargo, noted that the collaboration will bring value.

"This joint business not only unlocks choice and opportunities for our customers but also enhances connectivity for the businesses and industries they serve, further strengthening the role air cargo plays in facilitating global trade," he said.

Mark Jason Thomas, chief executive officer at MASkargo, said the partnership marks a "pivotal moment" for the cargo arm of Malaysia Airlines.

"We are excited to partner with Qatar Airways Cargo and IAG Cargo to deliver a new era of value and innovation to our customers. By leveraging our combined strengths and expertise, we will provide enhanced service offerings, expanded global reach, and cutting-edge solutions that address the evolving needs of the global market, ensuring greater efficiency and connectivity for our partners and customers."

The carriers expect to implement the agreement in the near future, subject to first obtaining the necessary regulatory clearances.