Under the terms of the deal, CHEP will acquire Cathay Pacific's fleet of 25,000 ULDs, then convert the majority of their containers to modern composite units weighing 58 kilogrammes, thereafter supplying a fleet of lightweight containers. This fast transition to a lightweight container fleet is designed to enhance operational efficiency over the first five years of the partnership, thereby contributing to the sustainable development commitments of both companies. CHEP will supply Cathay Pacific with a dedicated, branded fleet of lightweight containers, and fulfil global cargo pallet requirements through CHEP's pooling system, providing significant synergy benefits to Cathay Pacific through the cross-utilisation of pallet assets with existing CHEP customers, which include AirBridgeCargo, Air Canada and Cargolux.
