FedEx (FDX)

Jet Airways (India) Ltd, which runs India’s largest airline, is in initial discussions with FedEx Corp. for a dedicated cargo airline that it wishes to set up either as a joint venture or in alliance with the multinational logistics firm, according to the Global Supply Chain Network, as well as two executives of the airline familiar with the development, who did not want to be identified. Jet originally planned to launch an all cargo airline with Deutsche Lufthansa AG, however, the global economic turndown halted these plans. The Jet Airways executive, who declined to be identified, said FedEx was a logical choice as a partner
"India is largely untapped (as a cargo market). There is strong business for more players." said Ram C. Menen, Senior VP-Cargo, for Emirates SkyCargo, the cargo airline division of Emerites Airlines. In November, FedEx Corp. announced the launch of FedEx India, a next-business-day domestic express service (for small parcels) for the Indian market. The launch followed similar ones by the company in China, Mexico and the UK.

Feb 12 · 11:24:00 AM
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by Steve Wieczorek