Jet, Lufthansa in cargo airline talks

Mumbai: Private airline Jet Airways is in talks with Lufthansa Group to float a wholly owned subsidiary for dedicated cargo operations.
Confirming the development, Jet Airways' chairman Naresh Goyal said, "We will be launching a dedicated cargo airline services by the end of 2007. We are seeking the help of Lufthansa to float the freighter service. We are planning to increase our cargo revenues to 10 per cent in the current financial year from 6 per cent. We have already appointed a senior representative from the American Airlines to supervise cargo operations.
Jet is also holding talks with Lufthansa for a possible tie-up for setting up an aircraft maintenance, repair and overhaul (MRO) facility in India.
"We are in talks with Lufthansa Technik to set up a MRO facility in India. We are also in talks with to two other players. The location could be either Nagpur or Hyderadad," Goyal said.
Part of the Lufthansa Group, Lufthansa Technik, the world's leading provider for MRO for airplanes, components and engines, had earlier decided to set up an Indian base in Hyderabad in a joint venture with the GMR Group, the concessionaire of the airports at Hyderabad and Delhi.
14/05/07 PR Sanjai/Business Standard

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Categories: Cargo May 2007, Foreign May 2007, Jet Airways May 2007, New May 2007