The signing ceremony of the joint venture between Turkish Airlines' successfully representing Turkey all around the world, ZTO and PAL Air Ltd. took place in Istanbul. The partnership regarded not only as a huge strategic step for Turkey prior to the opening of the Istanbul New Airport but a game changer for the global express transport business, was sealed and signed by Turkish Airlines Chairman of the Board and the Executive Committee, Mr. M. Ilker Ayci, ZTO Express Chairman Mr. Mei Song LAI and PAL Air Ltd. Vice-Chairman Ms. Vivian Lau. The signing of MoU was to build a Joint Venture company to operate as a Global Express/Courier company mainly focusing on Global E-commerce market with full door to door services. The Joint Venture, after reaching quickly to fully functional and operational levels, is expected to take place within the world's largest integrators. In 5 years' time it will generate over $2 billion of revenue. The growth is expected to continue gradually parallel to the e-commerce demand. The Istanbul New Airport will be opened by October 29, 2018 and it will function as Turkish Airlines main operating hub. This mega hub, will gradually provide Turkish Cargo up to 4 million tons of cargo handling capacity, becoming one of the top 5 air cargo brands of the world. The services of the new global express joint venture company which will be based in Hong Kong, will include all door to door logistics activities; trucking, collection distribution, freight transportation, cross docking and final mile delivery. It will also include warehouse management, order and supply chain management when necessary.