SolitAir to invest $25 mn in India's air cargo market this year: CEO

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SolitAir to invest $25 mn in India's air cargo market this year: CEO - Business Standard

Quick Summary:

The UAE's only dedicated cargo-agnostic airline operating express daily scheduled services between Dubai and high-yield key trade routes across the Global South, started operations last year with a Boeing 737 freighter plans to connect and service 50 cities within a six-hour flight radius of the UAE through its air cargo network.

Osman, a logistics industry veteran who served a 30-year stint with the American multinational conglomerate FedEx till 2011, also said that India is very "critical" to global trade and SolitAir places it at the top of its 50-city mission and vision that it is looking at in the long-term.

Dubai-based cargo operator SolitAir Holding is looking to invest USD 25 million in the domestic market in the first year of operations, its founder and Chief Executive Officer Hamdi Osman has said.