Jet talking to FedEx for cargo venture

Mumbai: Jet Airways (India) Ltd, which runs India’s largest airline, is in initial discussions with FedEx Corp. for a dedicated cargo airline that it wishes to set up either as a joint venture or in alliance with the multinational logistics firm, according to an independent consultant as well as two executives of the airline familiar with the development.
One of these, a senior executive at Jet Airways who didn’t want to be identified because he is not one of the airline’s authorized spokespersons, confirmed that the two companies were in talks but added that it was premature to speak of details.
Spokespersons for Jet Airways and FedEx Corp. said they were unaware of their companies being in talks for a cargo venture.
Jet Airways, promoted by non-resident Indian Naresh Goyal, had originally planned to launch a cargo airline in partnership with Deutsche Lufthansa AG, but the global economic slowdown put paid to these plans.
The revival of Jet Airway’s cargo plans comes a few days after Kingfisher Airlines Ltd launched a new door-to-door express cargo delivery service, Kingfisher Xpress, on 2 February. Another Jet rival and low-fare carrier Go Airlines (India) Pvt. Ltd, that runs GoAir, is also planning to relaunch its cargo services shortly under the brand name GoCargo. GoAir had discontinued its cargo services last year.
08/02/10 P.R. Sanjai/Live Mint

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Categories: Cargo Feb 2010, Jet Airways Feb 2010, New Feb 2010