Delhi taking the lion's share of India's new air cargo capacity
Increased demand for airfreight out of India has seen global capacity from the subcontinent rise ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
The Indian government has approved plans to create a new international airport in Delhi, at a cost of $3.1bn. Delhi’s existing airport should reach full capacity by 2024. The approval is part of a wider plan to boost India’s aviation sector.
Yesterday, meanwhile, the new cargo export facility at Pune became operational. It is expected to handle two tonnes of cargo a day initially, and some 40,600 tonnes a year. The airport, which had previously only handled domestic cargo, is likely to see perishables for the Middle East, as well as machine parts and components for Europe and North America. A new flight is launching soon to Dubai.
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