Sunday, April 30, 2006

Jet Airways to launch cargo airline soon

Mumbai: India's leading private airline Jet Airways today said it plans to come out with a cargo airline soon to tap the freight sector.
"We are planning to launch a full fledged cargo airline for tapping the huge freight market," Jet Airways Financial Advisor Victoriano Dungca told reporters here.
The company would look at coming out with an follow on equity offer of USD 300 million as a domestic issue and anonther USD 500 million via Foreign Currency Convertible Bonds (FCCBs) to fund our fleet expansion plans for 30 airplanes to be bought from Airbus and Boeing, he added.
Dungca said Jet is also planning to launch a new product for its domestic and international travellers soon.
29/04/06 PTI/
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