News / ASL bets on India with QuikJet Cargo investment, as it launches freighter service

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ASL Aviation, the seven airline-strong group, is betting on air cargo growth in India by increasing its investment in Quikjet Cargo Airlines to 72.59%. The news, which follows approval from India’s Foreign Investment Promotion Board, comes just ahead of QuikJet launching 737F domestic scheduled cargo services.

The carrier, in which ASL subsidiary Farnair invested 50.93% in 2012, is thought to be launching services to Bangalore, Mumbai, Delhi and Chennai. It was understood that QuickJet had been waiting for an integrator contract ...