Mumbai: Amid slowing global air freight growth, Jet Airways on Tuesday announced foray into cargo sector from next month, pinning hopes on the 'Make in India' campaign and burgeoning e-commerce sector.
"India is now the second fastest growing air cargo market in the world, and this growth is expected to continue in line with the country's economy. We look forward to cargo making a strong contribution to the annual revenues of Jet Airways." said Cramer Ball, chief executive officer, Jet Airways.
The latest International Air Transport Association (IATA) data for global air freight markets for the month of January showed lower than average growth compared with the last year.
The airline sees strong logistics demand emanating from Indian government's 'Make in India' campaign. It is also looking to cash in on the booming domestic e-commerce sector.
IATA, a trade association for the world's airlines, representing some 250 airlines or 84% of total air traffic, in its report released March 3, pointed over 3.2% expansion in freight tonne kilometres (FTKs) in January 2015 compared to the same month last year.
18/03/15 Shahkar Abidi/Daily News & Analysis
"India is now the second fastest growing air cargo market in the world, and this growth is expected to continue in line with the country's economy. We look forward to cargo making a strong contribution to the annual revenues of Jet Airways." said Cramer Ball, chief executive officer, Jet Airways.
The latest International Air Transport Association (IATA) data for global air freight markets for the month of January showed lower than average growth compared with the last year.
The airline sees strong logistics demand emanating from Indian government's 'Make in India' campaign. It is also looking to cash in on the booming domestic e-commerce sector.
IATA, a trade association for the world's airlines, representing some 250 airlines or 84% of total air traffic, in its report released March 3, pointed over 3.2% expansion in freight tonne kilometres (FTKs) in January 2015 compared to the same month last year.
18/03/15 Shahkar Abidi/Daily News & Analysis
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