Gati, AI to start overseas cargo flights

New Delhi: Express distribution and supply chain company Gati is looking to commence overseas air cargo operations in partnership with Air India soon. Gati and AI had signed a pact late last year for commencing domestic cargo operations and already three Boeing 727-200 aircraft are being operated as freighters under this arrangement.
For the second phase of expansion, AI is readying Airbus 310 aircraft which would initially carry cargo between Hong Kong, China, India and Europe.
Gati is expected to sign a fresh agreement with Air India for overseas cargo business soon, MD and CEO Mahendra Agarwal told DNA Money.
The AI cargo business will have a national hub at Nagpur and a fleet size of 10 aircraft by the end of 2008-09; it could well become Rs 1,000 crore business by the end of the next fiscal.
Meanwhile, in a bid to strengthen its global parcel service reach, Gati on Monday entered into a strategic alliance with Amsterdam-based General Logistics Systems (GLS). As per the agreement, Gati would act as GLS’ international strategic partner in India and provide access to the remotest locations here since it covers 594 of 604 districts in the country.
26/02/08 Daily News & Analysis

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Categories: Cargo Feb 2008, Foreign Feb 2008, NACIL Feb 2008, New Feb 2008