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Jet to launch cargo airline

business Updated: Sep 05, 2007 00:59 IST
Gaurav Choudhury
Gaurav Choudhury
Hindustan Times
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Jet Airways is planning to launch a dedicated cargo airline and is in discussions with international players for a possible tie-up, Chairman Naresh Goyal said in New Delhi on Tuesday.

“We will be announcing our plans for the cargo airline before the end of this year. We are in talks with several players. We will definitely launch a separate cargo airlines,” Goyal said.

Jet Airway, which announced its first flight between Delhi and Toronto via Brussels, also plans to connect several cities in Europe and the USA including Zurich, Milan and Dsseldorf, Los Angeles and San Fransico.

“We would be serving 50 points in Europe. We are also looking at Iran and Tel Aviv and examining the possibility of connecting Tel Aviv with the US. Besides, we plan to fly to Durban and Johannesburg in South Africa”, he said.

Jet has also applied to the civil aviation ministry to fly to Dubai, Muscat and Abu Dhabi from January 2008.

The planned $400-million rights issue has been deferred, Goyal said, adding, the airline will break even by the end of the current financial year.

Goyal also said that Jet Airways was open to partnership with Air-India for international flights.