Airblox, a new online marketplace for trading electronic Block Space Agreements (eBSAs), has added Vietnamese freight forwarder HPW Cargo to its growing number of users.
Airblox, a fintech pioneer, has created a platform that allows brokers, freight forwarders, and airlines to exchange cargo capacity in the form of eBSAs.
Hanoi-headquartered HPW Cargo, which has offices in Ho Chi Minh City, as well as Hai Phong and Noi Bai airports, will start the partnership by listing its recurring Block Space Agreement (BSA) positions on the Hanoi, Vietnam, to Frankfurt, Germany, lane this summer.
A BSA is the purchase of an agreed-upon capacity or space on an airline or carrier’s aircraft.
Using Airblox’s eBSAs, buyers of capacity can electronically bid for, acquire outright, or block space from the holder of a BSA.
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