Abu Dhabi fund, GIC vie for stake in Reliance Home Fin

Abu Dhabi fund, GIC vie for stake in Reliance Home Fin

FPJ BureauUpdated: Wednesday, May 29, 2019, 06:20 AM IST
article-image

New Delhi : No-frills airline SpiceJet will launch its dedicated air cargo services from September 18. The carrier, which is working on ambitious business plans, on Monday said it would operate the cargo services under the brand name ‘SpiceXpress’ and has a detailed plan for domestic as well as international routes. SpiceJet would be the first schedule domestic airline to start dedicated air cargo services in India.

A Boeing 737-700 plane has been inducted as the first freighter aircraft.

The airline would launch SpiceXpress operations on September 18 and the first flight would be from the national capital to Bengaluru, an airline official said.

The aircraft, taken on operating lease, has capacity for 20 tonnes of cargo, the official added.

“To begin with, the air cargo operations will cover Delhi, Bengaluru, Guwahati, Hong Kong, Kabul and Amritsar,” the airline said.

According to the airline, the air cargo services would boost its ancillary business growth.

SpiceJet would utilise common pool of resources like pilots, engineers, ground staff and airport infrastructure for the cargo services. Among other items, the airline said it would ship perishables like farm fresh fruits and vegetables to the Middle East.

The air cargo traffic in the country is expected to grow by 60 per cent in the next five years, as per estimates.

SpiceJet Chairman and Managing Director Ajay Singh said there is a huge untapped market for air cargo services in India.

“With our proven operational capability, this is an extension of our ‘belly cargo’ service to a ‘dedicated freighter’ with Boeing 737 aircraft,” he said.

At present, SpiceJet’s existing fleet has a cargo capacity of about 500 tonnes per day.

RECENT STORIES

Style Revamped: Audi's Bold Q3 & Q3 Sportback

Style Revamped: Audi's Bold Q3 & Q3 Sportback

After Yesterday's Bloodbath, Markets End The Week Crawling Back To Green

After Yesterday's Bloodbath, Markets End The Week Crawling Back To Green

Swiftly Ahead: One Of Maruti's Most Popular Car Returns With Its Fourth Gen Wonder

Swiftly Ahead: One Of Maruti's Most Popular Car Returns With Its Fourth Gen Wonder

Q4FY24 Earnings: Tata Motors Consolidated Revenue Grows 13.3%; EBITDA Up By 26.6%

Q4FY24 Earnings: Tata Motors Consolidated Revenue Grows 13.3%; EBITDA Up By 26.6%

Indian Real Estate Market Witnesses Robust Growth Post-COVID: Survey Reveals Consumer Sentiments

Indian Real Estate Market Witnesses Robust Growth Post-COVID: Survey Reveals Consumer Sentiments