With profits from the passenger side of the airline business coming under pressure with ever-dropping airfares and the break-even date getting pushed further into the horizon, more and more of India’s growing airlines have now trained their sights on the air cargo business.
Indian airlines have flirted with the cargo business before. Air India has already burned its hand with the freight business once and had to shut down its dedicated cargo business 15 years ago after losses mounted.
But the national carrier, whose cargo revenues account for around Rs 600-crore or 10% of its total revenues, expects things to be different this time around.
Industry experts say India is on the verge of a logistics boom. Exports growing at 20%, factories working round-the-clock shifts and a global economy that facilitates cross-border movement of goods have increased demand for logistics services in the country and air-freight is feeling the pressure too.
17/06/06 Taneesha Kulshrestha/Financial Express
To Read the News in full at Source, Click the Headline
Saturday, June 17, 2006
Home »
» Air freighters on steroids
Air freighters on steroids
Saturday, June 17, 2006
Related Posts:
Kolkata airport’s growth hits air pocket after Jet pullout Kolkata: Cash-strapped Jet Airways on Wednesday announced the suspension of all domestic and international flights. But in Kolkata, the withdrawal of… Read More
Rivals see runways of opportunity as Jet Airways suspends operations New Delhi: The suspension of Jet Airways flights has opened new opportunities for competition such as Air India, SpiceJet, IndiGo and AirAsia India. … Read More
Chennai airport customs officials seize gold worth Rs 13 lakh concealed in cavities of passenger’s chappals Chennai: Customs officials at Anna International Airport here on Tuesday seized gold worth Rs 13 lakh which a passenger had concealed in the cavities… Read More
Air India offers to operate five of Jet Airways’ grounded planes on international routes National carrier Air India has written to the lenders of Jet Airways asking if it can fly five of Jet’s grounded Boeing 777 aircraft on international… Read More
Mangaluru: Gold worth Rs 35.52 lac seized at airport from 2 passengers Mangaluru: Customs officials at the international airport here, on Sunday, seized 1.10 kg gold that was being smuggled into the country by two passen… Read More
0 comments:
Post a Comment