Benzinga | Nov 17, 2021 04:08PM EST

Sonoco ThermoSafe And Singapore Airlines Sign Global Master Lease Agreement

Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and the leading global provider of temperature assurance packaging, and Singapore Airlines, a trusted partner in transporting high-value, time and temperature sensitive pharmaceutical cargo across the world, are pleased to announce a global partnership agreement for leasing the new Pegasus ULD(r) temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD(r) containers directly from Singapore Airlines. Singapore Airlines and mutual clients will also have access to other Sonoco ThermoSafe containers as part of this agreement.



Sonoco ThermoSafe's Pegasus ULD(r) is the world's first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD(r) contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.

"We are delighted to partner with Singapore Airlines for inclusion of the Pegasus ULD(r) container to its cold chain service THRUCOOL," said Bourji Mourad, who heads Logistics and Partner Management for Sonoco ThermoSafe's Bulk Rental Group.