Chinese conglomerate HNA Group and logistics solutions provider GLP have entered into a strategic alliance to establish a global logistics network.

According to the two companies, the collaboration will include a joint fund platform for investment and operation in aviation logistics infrastructure, as well as financial services and whole-scale joint investments in all areas of the logistics value chain. The agreement allows HNA and GLP to combine their respective strengths and resources.

“HNA Group’s partnership with GLP is another important step in HNA’s mission to build our logistics platform, one of our key areas of focus along with aviation, tourism and financial services,” said Wang Jian, chairman of HNA Group. “This agreement allows HNA to continue to expand its services in all levels of the logistics value chain, utilizing the most technologically advanced systems available and cementing its position as a globally focused, industry-leading provider of high-value logistics and supply chain management.”

GLP is the largest owner and operator of logistics facilities in China, offering space and technology-led solutions to customers across 38 locations.

“Aviation logistics has always been an important part of GLP’s global logistics network and this agreement with HNA Group will greatly help GLP to increase the scale and growth of our aviation logistics operations globally,” said Ming Z Mei, co-founder and CEO of GLP. “The joint efforts of our two companies to establish fund management platforms and cooperate closely in areas such as aviation logistics infrastructure, industrial parks, supply chain finance and the whole range of aviation logistics services will be a powerful combination. This agreement allows both parties to play to their respective strengths and grow our businesses globally, to build an advanced and comprehensive logistics network across the globe together.”