Lured by the massive expansion of India's trade, more than six cargo airlines plan to start operations in the country in the next 18 months. Apart from Air India (post-merger) and Jet Airways, both of which will have dedicated cargo units, start-ups like Flyington Freighters and non-scheduled cargo operators like Aryan Cargo Express and Air Cargo Express are planning to start operations by the end of this year or the beginning of next year.
Though export cargo still dominates in terms of volume (by 3:2), domestic cargo is growing at a faster rate. According to the Airports Authority of India figures, there was a 7.3 per cent increase in international cargo for April compared with the corresponding period of the previous year. Domestic cargo for the same period increased by 13.4 per.
Indian carriers handle 12-15 per cent cargo volumes while international players handle the rest. Bluedart, which has a market share of around 40 per cent, is the only carrier with dedicated cargo services. It is followed by Jet Airways, which has around 30 per cent market share after merger with Sahara. The share of Indian carriers is slated to rise significantly.
Flyington Freighters, promoted by Deccan Chronicle Holdings, is being looked at as one of the most prominent upcoming players in the air cargo business and the only dedicated international cargo airline in India.
06/08/07 Anirban Chowdhury/Business Standard
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Monday, August 06, 2007
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Cargo business to see a lot of action in air
Monday, August 06, 2007
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