First Flight, Shreya Shipping to launch cargo airlines

Two big Indian logistics companies - First Flight and Shreya Shipping are planning to launch cargo airlines.
First Flight expects to launch with two aircrafts by the end of July. It has ordered three propeller aircrafts that will initially service key metro cities. The company hopes to get bigger aircrafts after a year and expand operations to smaller cities as well.
Shreya Shipping is some distance away from launching a cargo airline. Officals say the company is conducting preliminary meetings to study the feasibility of such a project.
Shreya is expected to take to the skies within 1.5 - 2 years. The launch will make it an integrated logistics player. Of course, Kingfisher and Jet have been eyeing the cargo space for a while now, and are firming up plans.
13/07/06 Moneycontrol.com

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