pradhaan

India’s budding cargo-only airlines are attempting to consolidate their operations as the industry sees signs of strong capacity demand, propelled by a wave of global shipper nearshoring.

SpiceXpress, which parent SpiceJet spun off last month, has won a $100m investment from UK-based SRAM & MRAM Group.

“This investment should help SpiceXpress to grow and expand and provide a more streamlined and efficient service,” said chair and MD Ajay Singh.

SRAM & MRAM is a diversified group which believes the Indian air freight market ...

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