INDIA: India experiences surge of cargo carriers

Cargo upstarts in India appear undeterred by the high cost of fuel, with a slew of new dedicated carriers either in the early stages of operation or preparing to start up. Bangalore-based Quikjet Cargo started hauling domestic air cargo in June using two to three B737-300 cargo planes for servicing Indian metros from its Bangalore […]


Cargo upstarts in India appear undeterred by the high cost of fuel, with a slew of new dedicated carriers either in the early stages of operation or preparing to start up. Bangalore-based Quikjet Cargo started hauling domestic air cargo in June using two to three B737-300 cargo planes for servicing Indian metros from its Bangalore hub, according to the Economic Times.

Quikjet’s parent company Aviation Consultancy Services is a joint venture between Cardinal Aviation, a private equity firm in Singapore, and Mumbaibased logistics firm AFL.

Quikjet will soon be having followers, including Avicore Aviation. Promoted by Abhay Lodha, managing director of Topworth group, Avicore has plans to invest $100 million to start a new cargo airline before mid-2008 from the country’s first dedicated cargo airport at Nagpur.

And from Hyderabad, Flyington Freighters will focus on both domestic and international operations using Airbus freighters. Next in line is a new cargo airline and logistics firm started by Capt GR Gopinath called Deccan Cargo which will begin operations by the end of the year.

Gopinath kick started his new venture by acquiring three Airbus A310 aircraft from Air India with plans to expand this fleet to nine aircraft. The US$200 million venture company is being launched with an initial investment from Gopinath.