Bird-UTi JV to run export cargo terminal at Delhi airport

Mumbai: A joint venture of Bird Travels Pvt. Ltd and UTi Worldwide (India) Ltd has won a licence to operate the export cargo terminal at the Delhi airport from the Delhi International Airport (Pvt.) Ltd (DIAL), a consortium of the GMR Group and Fraport AG.
The cargo handling business is expected to grow on the back of an economy thatexpanded at more than 9% in 2006-07 and in the first quarter of this fiscal. At least 15 bidders were in the race for the licence.
Hawk Cargo & Logistics Pvt. Ltd, the 50:50 joint venture of Bird Travels and UTi Worldwide (India), will manage the cargo terminal which handled 165 million kg of cargo in 2006-07. Its initial mandate is for one year.
The financial terms of the agreement between it and DIAL were not disclosed.
The Indian arm of UTi Worldwide Inc., a freight forwarding company, is one of the largest air freight handling companies in the country certified by International Air Travel Association, a global trade association.
24/10/07 P.R. Sanjai/Livemint

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Categories: Airports Oct 2007, Cargo Oct 2007, Foreign Oct 2007