Page 12 - ITLN January - February 2024 Issue for the Website
P. 12
Cover Story
Indian air cargo
interesting partnerships with the clearly visible among the biggest
e-commerce logistics company Ekart aircraft leasing companies.
and most recently with Star Air. The struggle was particularly
With its partnership with Ekart, visible during the collapse of Jet
SpiceXpress intends to strengthen Airways and more recently with Go
its door-to-door delivery capability. First. While there are positive signs
Ekart will provide first-mile pickup on Cape Town Convention coming
of cargo shipments and will also into full force in India, the recent
help deliver them through last-mile difficulties has also forced the
connectivity across all serviceable pin government to issue a notification in
codes in the country. Meanwhile, with October 2023 exempting transactions
the Star Air partnership, SpiceXpress WFS looks forward or agreements under the Cape
get to manage the belly space to adding value to the Town Convention relating to aircraft,
capacity for cargo transportation in Indian air cargo industry aircraft engines, airframes and
Star Air's fleet of nine aircraft. through the introduction helicopters from the purview of
While the competition for aircraft moratorium provisions under Section
orders, entry of new players and of world-class practices, 14(1) of Insolvency and Bankruptcy
freighters show investors confidence ensuring better efficiency Code, 2016, which takes India closer
on Indian aviation’s future, the and driving productivity to its commitment under the Cape
country is also infamously called the improvements, which we Town Convention.
graveyard of airlines due to the sheer believe to be well aligned There are both red and green
number of airlines that failed to with the Government flags when it comes to the future of
take-off with a sustainable business of India’s National Indian air cargo and aviation. The
proposition, with Go First being trajectory which it takes depends
the most recent example. Also, the Air Cargo Policy and upon the policy decisions of the
absence of Cape Town Convention related ambitions. government and business decisions
norms in full force makes India, on John Batten made by the industry. But what is
the other hand, a really dangerous WFS indisputable is the potential it holds
market for investors and this is to rise above the rest.
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January - February 2024 www.itln.in
