Air cargo plans to take off despite slowdown

Indian companies are going ahead with their cargo plans amidst slowdown and lower projected demand for the cargo planes.
The Boeing Company, the US-based aircraft manufacturer, in its 2008 Current Market Outlook (CMO) for India, has said the country will need only 24 dedicated freighters for the 2008-2027. The aircraft maker has not increased the forecast for cargo planes from last year (2007-2026). This is when the company has revised the projections for passenger plans to 977 (2008-2027) from last year's projection (2007-2016) of 887.
But Indian companies are up with their plans. For example, Capt GR Gopinath, who is planning to start a separate cargo airline company Deccan Cargo, has plans to acquire a large version of cargo airplane from Boeing's rival company Airbus, the European airplane maker.
Hyderabad-based Flyington Freighters is also planning half a dozen of such planes to start international cargo operations.
Other start-up companies have plans to launch their services with smaller planes.
28/07/08 Economic Times

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Categories: Cargo Jul 2008