Local air cargo companies such as Deccan Cargo and Express Logistics Pvt. Ltd and Aryan Cargo Express (Pvt.) Ltd may be still struggling to take off in the competitive domestic market, but that hasn’t deterred foreign companies from entering the business by launching dedicated freighters and reviving defunct cargo airlines.
The world’s leading logistics company TNT NV of Netherlands has started a dedicated freighter service with Boeing 767 planes between India and Europe, the country’s largest trade partner. The service will run five times a week between New Delhi and TNT’s European hub in Belgium, with a stopover in Dubai on the way back to India.
Another local air cargo company, Quikjet Cargo Airlines Pvt. Ltd, is being revived by a group of international promoters. Quikjet was promoted by investors including Infrastructure Leasing and Financial Services Ltd, Infrastructure Development Finance Co. Ltd, Tata Capital Ltd and AFL Pvt. Ltd. In November, FedEx Corp., the second largest parcel-transportation firm in the US, bought the Indian delivery businesses of AFL Pvt. Ltd. It is not clear whether FedEx purchased AFL’s investment in Quikjet.
“A bunch of international companies that are into contract flying for global logistics operators including FedEx and TNT are coming together to revive Quikjet.
09/06/11 P.R. Sanjai/Live Mint
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