Wednesday, October 26, 2016

AAI air cargo, logistics arm takes off

Airports Authority of India (AAI) on Tuesday launched an air cargo and logistics subsidiary, which is projected to rake in annual turnover of Rs 380 crore in two years. Announcing the launch of AAI Cargo and Logistics Allied Services Company Ltd (AAICLAS), Civil Aviation Minister Ashok Gajapathi Raju said that the country is now a step closer to becoming a world class destination in cargo and logistics services.

Neera Rawat would be the Managing Director while B K Mehrotra would be the Chief Executive Officer of AAI Cargo and Logistics Allied Services Company Ltd. Raju said that making India a world class destination in cargo and logistics services is his dream. “With the launch of AAI Cargo and Logistics Allied Services Company Ltd today, we are a step closer,” he added.

Participating at the launch ceremony, Civil Aviation Secretary R N Choubey said that AAI Cargo and Logistics Allied Services Company Ltd expects to have “an annual turnover of Rs 380 crore in two years time”. Airports Authority of India Chairman Guruprasad Mohapatra said that its cargo department has been de-merged and corporatised into a functionally & administratively independent organisation.
26/10/16 PTI/Millennium Post

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