Cargo Breaking News
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. He also said that India is very critical for 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.
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.
“Based on cost and investment coming into India, we are talking anywhere between USD 20-25-million investment in the Indian market in the first year,” Osman told PTI.
The company launched its freighter services to Bengaluru in January this year.
He said that this investment could be doubled and tripled in the next 2-3 years as the company expands its network and increases the frequency of its services and that will be a big thing for the company.
