More cargo planes to meet bigger demands

Mumbai: As domestic and international cargo out of India continues to grow rapidly, two logistics firms are planning to lease cargo jets made by Boeing Co. for their captive use.
India’s second-largest courier company, First Flight Couriers Ltd, will end leases on its two small cargo planes that ferried packages and goods across the country.
The Mumbai-based firm is shuttering the operation over high cost of using smaller planes on long routes.
“We will restart the operations once we acquire bigger type of aeroplanes,” said R.K. Saboo, deputy managing director, First Flight.
New Delhi-based cargo transportation company, Safexpress Pvt. Ltd, is planning to enter the cargo airline business to carry consignments, too.
Nagpur will be the hub of the Safexpress cargo airline operation, which is slated to start early next year, and will dovetail with a Rs700 crore warehouses expansion plan it is rolling out.
Logistics giant DHL-controlled Blue Dart Aviation Ltd is the only company that is currently running cargo aeroplane operations in India, while Hyderabad-based Flyington Freighters Ltd has announced plans to start domestic and international operations shortly.
01/10/07 P.R. Sanjai/Livemint

To Read the News in full at Source, Click the Headline

Categories: Cargo Oct 2007