PANALPINA, LUFTHANSA SIGN IT CONTRACT

PANALPINA, LUFTHANSA SIGN IT CONTRACT    Panalpina’s subsidiary, ASB-Air, and Lufthansa Systems have signed a contract for “Airwarder,” an integrated system designed for logistics providers with large volumes of air cargo, as well as for cargo airlines.
   Prior to signing the agreement, ASB-Air said it needed a superior information technology solution to optimize its services. Through the agreement, Lufthansa will develop AirWarder for ASB-Air.
   AirWarder will comprise Lufthansa Systems’ cargo system UltraFreight, featuring a tracking and tracing module and a booking forecast engine. AirWarder will be operational in the third quarter of 2002. In later phases, it will take on further functions to support new logistics products.
   With 17 subsidiaries, Lufthansa Systems Group develops and operates flexible IT solutions, and employs 4,200 staff worldwide. Altogether, the companies of the Group generated sales of 600 million euros in 2000.