Tag: Blue Dart

Blue Dart to replace Boeing 737 with 757

Posted by | Mar 17, 2008 | |

Move will help the company increase its carrying capacity without increasing fleet size.

The Chennai-based air cargo company, Blue Dart Aviation, has decided to replace all its four ageing Boeing 737 cargo aircrafts with the Boeing 757. The move is primarily aimed at augmenting carrying capacity without increasing the current fleet size of seven.

Last year, the company inducted a 757 freight carrier, which was its seventh from DHL Expresses’ European Air Transport. DHL Express holds 81 per cent stake in Blue Dart.

Tushar Jani, chairman, Blue Dart Aviation, said, “We cannot increase our fleet size because of lack of parking space at airports and hence will replace the Boeing 737 with Boeing 757.”

The company intends to have a mix of leased and owned 757-200 SF (special freighters). At present, the cost of a Boeing 757-200 SF (special freighters) is about USD 80-85 million.
The replacement of aircrafts will help the company increase its carrying capacity by 32 per cent from 148 tonnes to 196 tonnes by the end of 2011.
The replacement initiative comes at a time when the company is optimistic about starting scheduled overseas operations, perhaps this year.

Company executives said the move would help improving aircraft utilisation due to increased flying hours. The company currently is evaluating commercial viability of flying to overseas destinations.

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Geojit Financial Services is bullish on Blue Dart, Abbott India

Posted by | Feb 25, 2008 | |

Blue Dart is an 81pct subsidiary of the DHL Group, Shah said. “The company has posted excellent December quarter results. It plans to compliment and widen service offerings. It has launched a new surface express product in CY07 called Dart Surfline, which is expected to grow 40-45pct per annum.”

Abbott India is a 65pct subsidiary of Abbott Inc USA, he said. “The company’s numbers are in line with expectation. It provides healthcare services through business units. The parent company Abbott Inc is a leading player globally and is focused on pharma.”
Q: What makes you so bullish on Blue Dart? Is it the sector as a whole or the fact that they had a stellar set of December numbers?

A: It is basically the sector considering the kind of growth potential. If you consider the number of MNC plans that are coming into India, logistics business is supposed to grow going forward from hereon. Considering the capex cycle that corporate India has, the entire sector in logistics looks quite good, whether it is Blue Dart or certain other reasonably low-end players.

Blue Dart is a 81pct subsidiary of DHL and is one of South Asia’s most integrated courier and logistics company. It also has the benefit of covering 220 countries, considering it is an 81pct subsidiary of DHL. Also, the distribution service spectrum is about to witness a fair amount of growth from hereon.

Blue Dart has been in the domestic market for a very long time and also has the expertise to deliver. Considering that companies like Tesco, Wal*Mart and Carrefour are opening their retail outlets in India, the services provided by Blue Dart would definitely tend to grow, keeping in mind the kind of retail boom we are seeing.

We have a price target of Rs 750 on Blue Dart over a one-year timeframe. Possibly, if you have a stretched out timeframe, it can even get better from hereon.

Abbott India is a 65pct subsidiary of Abbott Inc. USA. Abbott India provides healthcare solutions to its three segments – primary care, specialty care and hospitality care. The parent company Abbott Inc has got good number of products in its pipeline and is well poised to take advantage of the patent when it unfolds in India.

Considering the kind of growth that the healthcare business can possibly see in India, I think the topline and bottomline would definitely benefit. Abbott could possibly well be poised to leverage the parent company’s product line-up. We have a price target of about Rs 630 with a one-year timeframe.

Q: The volumes on both these stocks are dismally low. How would you explain the kind of price rise or interest in the counters on such low volumes?

A: With Abbott especially, it has traded only on BSE. In case you are a one-year plus kind of an investor, then these kinds of volumes should not make much of a difference, because you are not taking a trading call over here. The volumes are definitely low on both Abbott as well as Blue Dart. But if you have a delivery perspective and a one-year timeframe, then these kinds of low volumes should not deter you from making an investment.

Of course, the sectors that both these companies are placed in, tends to grow from hereon, on the domestic consumption growth story. So, considering these two points, volumes should not deter you from making an investment call on these two companies.

Q: Any disclosures?

A: No personal holdings. But since our company has got a buy report on both, our clients might be holding their positions in the two companies

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Blue Dart profit Rs. 7.7 million up by 33.27 pct

Posted by | Oct 16, 2007 | |

Blue Dart Express Limited, South Asia’s express courier and package distribution company, today declared its financial results for the 3rd Quarter ended September 30, 2007 at its Board Meeting held in Mumbai.

Income from operations for the 3rd quarter 2007 was Rs. 20.7 million, an increase of 17.44 pct over the corresponding quarter of the previous year, and cumulative profit for nine months was Rs. 7.7 million and increase of 33.27 pct over the corresponding period of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Limited said, ” The results validate our customers’ trust in us and we continue to be the most reliable distribution service provider in the country. To further this trust, last quarter we expanded our business profile to fortify our unique capability to offer the entire spectrum of express distribution solutions. With the reinforcement of ‘Surfaceline’, we have now expanded our reach to over 17,500 locations across the country”.

Blue Dart, today, is firmly positioned as the unrivalled leader in the organised domestic air express space and has robust plans in place to sustain and augment its leadership position. Looking ahead Mr. Khanna said “We are adding 58 new warehouses which means 1 mn Sq ft of additional warehousing space, 596 new road-route connections, increase in workforce and enhancement of technology solutions. We also plan to strengthen our air infrastructure and would be adding a B757 in the last quarter. We stand committed to our role of a trade facilitator and would continue to enable growths for a greater India.”

1 USD = 39.7950 INR

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A prized moment for DHL India as Best Express Operator

Posted by | Oct 6, 2007 | |

DHL walked away triumphant with the Best Express Operator award at the Express, Logistics & Supply Chain Awards. Organized by India Times Mindscape and Business India Group, the Award ceremony was a part of a two-day Express, Logistics & Supply Chain Conclave, held at Taj Lands End Bandra, Mumbai.

The Awards Nominees and Winners were extensively researched and rated on many criteria by the reputed Market research agency, A.C. Neilsen, and governed by an Advisory Council. At a Gala Awards Function, Craig Grossgart, Country Manager, DHL Express India accepted the award on behalf of DHL.

Blue Dart, now part of the DHL group, also bagged the “Cargo operator of the year (Cargo Airline)”. Blue Dart was adjudged winner in this category for its size of network, reliable service, range of products and value added services, introduction of new products and services and cost efficiency.

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Blue Dart wins Best Cargo Airline award

Posted by | Oct 5, 2007 | |

Blue Dart Express Limited, South Asia’s premier integrated express courier and package distribution company, has won the “Cargo operator of the year (Cargo Airline)” award presented at the Express, Logistics & Supply Chain Conclave. The awards were instituted by IndiaTimes Mindscape along with the Business India group. A C Neilson was accredited with the research for the awards nominee’s and the winners.

Blue Dart was adjudged winner in this category for its size of network, reliable service, range of products and value added services, introduction of new products and services and cost efficiency.

Blue Dart took a bold futuristic step and set up India’s first dedicated cargo aviation infrastructure with its own ground handling and maintenance capability way back in 1996. Till date it is the only domestic cargo airline with a fleet of jet aircraft – 2 B757s and 4 737s offering an unrivalled payload of 300 tonnes each night across 62 route connections. Blue Dart is firmly positioned as the market leader in the domestic air express segment with 41.7 pct market share.

Blue Dart was also awarded the CAPA “Cargo airline of the year Merit Award” in 2006.

DHL, which holds 81.03 pct stake in Blue Dart, bagged the “Express Operator of the Year Award”. Mr Craig Grossgart, Country Manager, DHL Express India received the award on DHL’s behalf.

About Blue Dart: Blue Dart, South Asia’s premier courier, and integrated express package Distribution Company, offers secure and reliable delivery of consignments to over 17,500 locations in India.

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