Wednesday, March 22, 2006

Wadia group plans to start cargo airline

Chennai: The Wadia group, promoters of the low-cost airline GoAir, is looking at other areas of investment in the aviation industry, including a cargo airline.
Jeh Wadia, Managing Director, GoAir, told a press conference on Tuesday that the group hoped to take a decision in a month or two on the cargo airline, likely to be named GoCargo.
The group would also look at other areas for investment in the aviation industry, including starting an institute to train technical staff.
He said that the proposed cargo airline and the other investments would be separate investments and would not come under the GoAir banner.
22/03/06 Sify