Xavier Britto is not new to taking risks. As a professor in Chennai’s prestigious Loyola College, he had taken a big one when he decided to become an entrepreneur. Now almost three decades later, the Chairman of Indev Group of Companies has once again taken a gamble by launching India’s first private air freight station (AFS) in Chennai on August 1.
And it’s not going to be a cakewalk. After all, the air cargo industry had to wait nine years for an effective air freight station to become a reality. Also, a lot would depend on the patronage of multinationals operating in and around Chennai.
But first, what is an AFS and why is Chennai keen to have one?
The AFS is like what a container freight station is for ports — it is an off-dock cargo handling facility. The moment cargo is off-loaded from an aircraft in the form of a unit load device (ULD, a type of container), it is directly moved by road to an AFS where cargo ‘de-stuffing’ is done. Customers then take delivery of the cargo after Customs clearance.
It is the reverse in exports. Cargo stuffing can be done in the AFS, where the Customs can also clear it. The cargo is moved to the airport to be loaded onto an aircraft after security clearance.
Read news in full 26/08/15 TE Raja Simhan/Business Line
And it’s not going to be a cakewalk. After all, the air cargo industry had to wait nine years for an effective air freight station to become a reality. Also, a lot would depend on the patronage of multinationals operating in and around Chennai.
But first, what is an AFS and why is Chennai keen to have one?
The AFS is like what a container freight station is for ports — it is an off-dock cargo handling facility. The moment cargo is off-loaded from an aircraft in the form of a unit load device (ULD, a type of container), it is directly moved by road to an AFS where cargo ‘de-stuffing’ is done. Customers then take delivery of the cargo after Customs clearance.
It is the reverse in exports. Cargo stuffing can be done in the AFS, where the Customs can also clear it. The cargo is moved to the airport to be loaded onto an aircraft after security clearance.
Read news in full 26/08/15 TE Raja Simhan/Business Line
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