Business Daily from THE HINDU group of publications
Thursday, Nov 15, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Nov 15, 2007 ePaper | Mobile/PDA Version |
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Logistics
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Air Cargo Corporate - Alliances & Joint Ventures Air India, Gati launch dedicated freighter service Our Bureau New Delhi, Nov 14 Air India and Gati, an express distribution and supply chain solution company, have joined hands to launch a dedicated freighter service. At a function here, Air India had handed over a dedicated Boeing 737 aircraft to Gati that would be used to operate daily cargo flights on the Delhi-Mumbai-Bangalore-Delhi sector. The aircraft is the first of the five aircraft that Air India would be providing to Gati. While officials were tight lipped on the financial aspects of the tie-up between Gati and Air India, they did say that the remaining four aircraft would be provided to Gati by the middle of next year. The Chairman and Managing Director, Air India, Mr V. Thulasidas, said that the launch of the service meant that the airline was the first scheduled passenger airline to enter the freighter market. The Managing Director and Chief Executive Officer of Gati Ltd, Mr Mahendra Agarwal, said that the alliance was likely to see Gati’s business from the current Rs 461 crore to more than Rs 1,000 crore within two years. The company also plans to invest $100 million till June in setting up express distribution centres (EDC) and in re-engineering of technology and network. More Stories on : Air Cargo | Alliances & Joint Ventures
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