News / Ambitious SpiceXpress set to expand operations with additional freighter

Indian air cargo operator SpiceXpress could be being lined up for initial public offering (IPO) as it adds another freighter to its fleet.

According to an interview with Ajay Singh, chairman and MD of SpiceXpress parent SpiceJet, with Bloomberg last week, the cargo operation could be spun-off within a year as the carrier seeks to take advantage of India’s fast-growing adoption of e-commerce retail.

E-commerce sales in India may more than double, to $72bn, by 2022 from $32.7bn last year, according to research ...