Friday, November 17, 2006

Top freighter firms set to land in India

Mumbai: Lured by the fast-growing cargo operations, leading freighter companies have joined the race to enter India in a big way. Existing cargo airlines are also busy augmenting their capacities in view of the 8 per cent growth in international air cargo over the last few years.
The over Rs 7,000-cr (estimated by rating agency CARE) domestic air cargo market is also a major attraction for them. Integrated air cargo media house Stattimes says India's air freight market is expected to grow by 20 per cent this year.
While international majors such as Great Wall Airlines of China and Cargoitalia of Italy are looking at operating out of metro cities, Gulf Air's freighter company Gulf Air Cargo has already started operations in the country.
Other freighter majors such as Lufthansa, Emirates SkyCargo, Cathay Pacific, and SriLankan Cargo are looking at scaling up capacity in India.
Domestic airlines Kingfisher Airlines, GoAir, Jet Airways, Air Deccan, and IndiGo have already announced plans to launch dedicated cargo operations.
17/11/06 P R Sanjai/Business Standard