E-commerce giant Amazon has set up a dedicated freighter service arrangement with Bangalore-based all-cargo airline Quikjet to scale-up its network reach and delivery speed in India.
Quikjet secured its air operator certificate (AOC) a few months ago and has a fleet of two converted 737-800Fs, according to Planespotters.
The cargo airline will provide a dedicated 737 freighter, with a payload of 23 tons, for Amazon’s India deliveries, and industry sources said it would fly under Amazon’s Prime Air brand.
Quikjet, founded in 2007 as a neutral cargo airline, is part of Irish airline and leasing group ASL Aviation and is also backed by a few strategic Indian investors, including Tata Capital.
According to Vineet Malhotra, co-founder and director at Kale Logistics Solutions, India’s dedicated freighter fleet has expanded dramatically – from just five to 28 aircraft – in about four years.
“This number is set to rise further as airlines are looking to add capacity for cargo operations. They fared better on that front than the passenger segment during the pandemic,” Mr Malhotra told The Loadstar.
“E-commerce growth has largely contributed to this trend and, according to estimates, tier-2 cities will contribute as much as 88% of new online shoppers and $150bn in cumulative incremental online sales in India over the next five years,” he added.
Kale operates air cargo community systems at Bangalore Airport, home to Quikjet’s operations.
As the emerging economy expands with its burgeoning middle-class population, India’s increasing e-commerce volumes have presented a lucrative opportunity for the airfreight industry to grow. And, as a result, the Indian air cargo market has seen a string of new freighter entrants hoping to capitalise on the momentum, including Delhi-based Pradhaan Air Express and Chennai-based Afcom Holdings.
09/01/23 Angelo Mathais/Load Star
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