More air cargo operators set to take flight

Given the booming domestic trade in a resurgent economy, there seem to be no stopping of companies from joining air cargo operations. At the last count, there are at least half-a-dozen companies that are on their wings with plans for dedicated cargo operations.
To begin with, the Bangalore-based Quikjet Cargo will start hauling domestic air cargo from June. Sources said the carrier has already set up necessary infrastructure to complement its cargo operations.
Quikjet's parent company Aviation Consultancy Services is a joint venture between Cardinal Aviation, a private equity firm in Singapore, and Mumbai-based logistics firm AFL.
Quikjet will be having a follower soon, Avicore Aviation. Promoted by Abhay Lodha, managing director of Topworth group, Avicore has plans to invest $100 million to start a new cargo airline before mid-2008 from the country's first dedicated cargo airport at Nagpur.
The country will be having another cargo airline from Hyderabad, Flyington Freighters which will be having domestic and international operations using Airbus type planes.Fourth in the line is from Capt GR Gopinath. Capt Gopinath will invest $200 million in a new cargo airline and logistics firm, Deccan Cargo which will begin operations by the end of the year.
Passenger carriers are also planning to take a plunge in cargo operations, to exploit the situation. This includes Jet Airways, Kingfisher Airlines, and SpiceJet. Air India has already started separate cargo division under the brand name Air India Cargo.
02/05/08 Economic Times

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Categories: Cargo May 2008, New May 2008