LOW-COST carrier SpiceJet - plagued by long-running cashflow problems - is hoping recent vendor debt payments and cargo expansion will help it return to stability.
SpiceJet's cargo arm, SpiceXpress, which is operating five narrowbody freighters, continues to stay in the black, reporting a net Q2 profit of US$2.6 million, versus $9.2 million a year ago, with cargo loads pegged at 27,675 tonnes.
And to double-down on the cargo market for growth, the carrier is set to hive-off SpiceXpress into a standalone entity, a restructuring process it expects to close this quarter, reports London's Loadstar.
SpiceJet, which will continue to provide some services for SpiceXpress, is expected to receive shares in the cargo carrier, which would be free to raise funds independently and partner with integrators or others in the booming e-commerce market.
IndiGo, with a converted A321, recently debuted its dedicated freighter service - branded CarGo - on the Delhi-Mumbai leg.
Meanwhile, air cargo capacity in India is growing, due to an influx of cargo-only start-ups, led by Delhi-based Pradhaan Air Express and Chennai-based Afcom Holdings.
'Air cargo is having some of its best times in India,' Amar More, CEO of Mumbai-based Kale Logistics Solutions, said.
'The government, with a robust national logistics policy now in place, is establishing as many as 33 new domestic cargo terminals by 2024-25.'
But Mr More noted that, as volumes expanded, the government and industry stakeholders would need to accelerate efforts on automation and digitalization to maximize revenue streams, overcome supply chain obstacles and build better customer service.
Meanwhile, global express logistics leaders like UPS and DHL have also beefed-up services at Indian airports, including second-tier locations, to keep pace with growing airfreight (export and import) volumes.
SeaNews Turkey
SpiceJet's cargo arm, SpiceXpress, which is operating five narrowbody freighters, continues to stay in the black, reporting a net Q2 profit of US$2.6 million, versus $9.2 million a year ago, with cargo loads pegged at 27,675 tonnes.
And to double-down on the cargo market for growth, the carrier is set to hive-off SpiceXpress into a standalone entity, a restructuring process it expects to close this quarter, reports London's Loadstar.
SpiceJet, which will continue to provide some services for SpiceXpress, is expected to receive shares in the cargo carrier, which would be free to raise funds independently and partner with integrators or others in the booming e-commerce market.
IndiGo, with a converted A321, recently debuted its dedicated freighter service - branded CarGo - on the Delhi-Mumbai leg.
Meanwhile, air cargo capacity in India is growing, due to an influx of cargo-only start-ups, led by Delhi-based Pradhaan Air Express and Chennai-based Afcom Holdings.
'Air cargo is having some of its best times in India,' Amar More, CEO of Mumbai-based Kale Logistics Solutions, said.
'The government, with a robust national logistics policy now in place, is establishing as many as 33 new domestic cargo terminals by 2024-25.'
But Mr More noted that, as volumes expanded, the government and industry stakeholders would need to accelerate efforts on automation and digitalization to maximize revenue streams, overcome supply chain obstacles and build better customer service.
Meanwhile, global express logistics leaders like UPS and DHL have also beefed-up services at Indian airports, including second-tier locations, to keep pace with growing airfreight (export and import) volumes.
SeaNews Turkey
