The Indian government is consideringa proposal to increase the foreigndirect investment (FDI) limit in scheduleddomestic carriers to 74 percentfrom 49 percent, the Economic Timesreported. The idea is being mootedto increase the funding options fordomestic airlines, which have drawnup huge expansion plans. Domesticcarriers are expected to buy close to480 aircraft in five years involving aninvestment of $30 billion. The proposed increase in FDI indomestic carriers would, however, comewith a … [Read more...] about INDIA: FDI in domestic carriers may soar
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INDIA: DTDC to launch new product
India-based express logistics firm,DTDC will launch a new premiumproduct that will seek to deliver greatervalue for money to those seeking topof the line service at below marketleader prices. Termed "V Series," the service willdeliver documents up to one kilogramthe next day under money back guaranteein case of non-performance. The firm's aim is to guarantee fixedtime delivery by the end of the year tomatch the premium service provided byexpress delivery firms in the … [Read more...] about INDIA: DTDC to launch new product
INDIA: First Flight adds Bangalore to network
First Flight Couriers has announcedthe addition of Bangalore to its recentlystarted aviation operations. With this,the company will be offering direct connectivitybetween the main trade hubsof the country -- Chennai, Bangalore,Mumbai and Delhi. First Flight is also now able to provideairlift capacity for heavy machineryand large consignments. Bangalore and Chennai are criticaltrade destinations in the southern partof India, the triggers coming from therevived manufacturing activity in … [Read more...] about INDIA: First Flight adds Bangalore to network
INDIA: Skycooler names sales agents
Following the recent launch ofSkycooler, a specialist cooltainer leasingcompany, the company is furtherdeveloping its global network throughthe appointment of sales agents DRHLogistics in Sri Lanka, which will representSkycooler throughout the Indiansub-continent. Skycoolers CEO Graham Walterssaid: "Cool-chain services are becomingincreasingly important productsfor airlines and logistics providers tooffer their customers, which makes thetiming of Skycoolers launch and globaldevelopments … [Read more...] about INDIA: Skycooler names sales agents
INDIA: Air India may resume freighter service
Air India is likely to re-launchfreighter service around June thisyear with two converted A310s. Theairline plans to tap Paris-Frankfurtand Shanghai-Bangkok via Mumbaiand Bangalore respectively. The airlinehalted its loss-making freighter servicein the mid-90s. With the resumption of a dedicatedfreighter service, (with a 38.5-tonnepayload) the airline now wants to be aserious player in the segment, aimingat trebling its 10 percent market sharein the coming years, according to itschairman and … [Read more...] about INDIA: Air India may resume freighter service
INDONESIA: IPO of Garuda awaits strategic partner
Flag carrier Garuda Indonesia mayhave to extend the waiting period foran initial public offering. The Departmentof State Owned Enterprises(SOE) has scheduled the carrier and itssubsidiary companies for initial publicoffering/IPO this year 2007. However, the company is still uncertainas it is waiting for strategicinvestors to join. It is planned thatthe government, as the carrier's soleshareholder, will release 49 percent ofshares to strategic partners. The government has agreed torelease … [Read more...] about INDONESIA: IPO of Garuda awaits strategic partner
