Jet Airways forays into air cargo biz

Mumbai-based Jet Airways is likely to lease three aircraft from Etihad, making it the only domestic carrier with aircraft dedicated to freight.

A330-200F Air & Cargo Services air cargo Air Cargo Asia air cargo freight Air Forwarding air freight Air Freight Asia Air Freight Logistics air freighter air freighting Air Logistics Asia Air Shipping Asia Airbus airlines cargo airways cargo asia cargo news cargo aviation dry lease Emirates Etihad freighter Jet Airways wet lease

Mumbai-based Jet Airways is planning to enter its air cargo business by leasing up to three Airbus A330-200F freighter aircraft from Etihad, its Abu Dhabi-based partner airline. The plan is to start with the wet lease of one A330-200F in the next few months and later expand. As the business grows, the aircraft would be converted into dry leases.

The move will help the company tackle Dubai-based Emirates, which carried the highest amount of inbound and outbound air freight in 2013-14. Jet Airways is making a major bet on air cargo because it expects India’s manufacturing story to see a strong upswing with Prime Minister Narendra Modi’s Make-in-India campaign.

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