CTS Logistics(SH:603128) Zhong Guo Xin Wen Wang·2025-07-10 02:18Core Viewpoint - China Southern Airlines Logistics Co., Ltd. has launched a new international cargo route from Guangzhou to Auckland and Sydney, marking the first regular all-cargo flight route from mainland China to New Zealand and the first fifth freedom cargo route for the airline [1][3]. Group 1: New Route Details - The new route is operated by Boeing 777 freighters and aims to meet the increasing cargo demand between Australia and New Zealand [3]. - The launch of this route is expected to significantly shorten the transportation time for goods between the Greater Bay Area and the Australia-New Zealand region, providing more efficient logistics solutions for over 300 cross-border e-commerce and high-end manufacturing companies in the Greater Bay Area [3]. Group 2: Trade Context - Trade cooperation between China and New Zealand has deepened in recent years, with bilateral goods trade increasing by nearly 30 billion New Zealand dollars since the China-New Zealand Free Trade Agreement came into effect [3]. - In the first quarter of 2025, the total trade volume between China and New Zealand reached 10.51 billion New Zealand dollars, reflecting a year-on-year growth of 8.9% [3]. Group 3: Fifth Freedom Rights - The fifth freedom rights allow an airline to carry passengers and cargo between two foreign countries while en route to its own country, enhancing the connectivity of international cargo routes [3]. - This new route facilitates the movement of goods between Sydney and Auckland, effectively activating the Asia-Pacific transit hub function for China Southern Airlines [3]. Group 4: Operational Capacity - Currently, China Southern Airlines Logistics operates 19 Boeing 777 freighters and conducts over 80 regular international flights weekly, establishing a comprehensive all-cargo flight network that connects domestic and global markets [3].