Qatar Airways, IAG International Airlines Group, and Malaysia Aviation Group have announced plans to launch a global cargo joint business agreement, a new strategic initiative aimed at capturing a bigger share of the air freight market by combining the resources of three parties.

According to a joint announcement published on April 22, IAG Cargo, Qatar Airways Cargo, MASkargo, the dedicated cargo arms of three companies, will aim to achieve faster transit times, new routing opportunities, and overall improved efficiency in the global transport of goods. The companies are also working on developing new safety and security standards.

The execution of the plan is subject to regulatory approvals. The companies expect to implement the agreement in the "near future".

According to the ch-aviation fleets module, Qatar Airways currently operates twenty-eight B777-200Fs. The airline also has unfulfilled orders for thirty-four B777-8Fs. Malaysia Airlines, the mainline carrier of Malaysia Aviation Group, operates three A330-200Fs and does not have more cargo aircraft on order.

Carriers that are part of International Airlines Group, including British Airways, Iberia, Aer Lingus, Vueling Airlines, and LEVEL, do not have dedicated freighter fleets and rely on the belly capacity of their passenger aircraft for cargo uplift.