02-May-2006 10:51 AM
India's Jet Airways to launch cargo unit
Analysis
BOMBAY (XFNews ASIA) - Jet Airways is set to challenge the grip of foreign airlines on India's air cargo market when the country's largest private-sector carrier launches a rival freight service within 18 months, the Financial Times reported on its website.
Naresh Goyal, Jet's chairman, said a dedicated cargo division would benefit from the increase in the movement of goods in India's buoyant economy. "There's lots of money in freight - it will be a good cushion."
The diversification will pitch Jet against heavyweights such as Lufthansa, Air France and Singapore Airlines that dominate the Indian air cargo market.
The diversification will pitch Jet against heavyweights such as Lufthansa, Air France and Singapore Airlines that dominate the Indian air cargo market.