SpiceXpress announces acquisition of electric cargo airplanes

SpiceXpress has confirmed acquiring electric cargo airplanes developed by US-based Bye Aerospace, in collaboration with India’s Pifore Group. The total investment is being estimated to be INR 300 to INR 500 million. The alliance is a pilot project to promote zero-emission freighters and also a closed airfield as emission free airport with an electric plane fleet and other zero-emission products.
Pifore Group is engaged in provision of engineering, construction and technical services for private as well as public & government agencies/companies in India. They have signed an MoU with Bye Aerospace to deliver five electric cargo airplanes, which will be leased by SpiceXpress by 2024 and an additional five airplanes to be leased by 2026.
Earlier this year, Spice Jet had transferred its logistics business to its subsidiary SpiceXpress and Logistics. SpiceXpress is a cargo specialist and is currently in the process of being hived off its parent company.