Tag: India

FedEx plans freighter service between India and China by Sept

Posted by | Jan 14, 2005 | |

FedEx Express plans to introduce five weekly freighter services between India and China by September. This service would make Federal Express the only company from India offering a next-day service to China.

According to the Chairman and Managing Director for the Indian Sub-continent, Mr Jacques Creeten, the additional flights proposed to improve connectivity in Asia would be operated on the US-India-China-Japan route.

The service, which is being planned to tap the growing business opportunities in India and China, would also help FedEx double its volume, expand its network and add to its customers.

Making use of the hub-and-spoke operational network, the express carrier currently operates five weekly West-bound flights and a once-weekly East-bound flight from India.

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Indian govt clears Deutsche Post-Newfield purchase of Blue Dart

Posted by | Dec 22, 2004 | |

The finance ministry has cleared a proposal by Deutsche Post World Net AG’s DHL Express Singapore Pte Ltd and the Netherland’s Newfield Holdings to buy up to 100 pct equity in India’s Blue Dart Express courier company. A government statement said the two companies would invest 5.66 bln rupees or 130 mln usd in Blue Dart Express. It did not give any details of the split between Newfield and DHL.

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India has potential to match booming China business, FedEx says

Posted by | Nov 24, 2004 | |

FedEx Corp. says its business is expanding strongly across Asia and that India could eventually yield as much business for the world’s top air-express company as China already does. “It’s not just China. You’ve got the whole of the region that’s growing in the strong double-digit range,” said David Cunningham, FedEx’s Asia-Pacific president. The company, which vies against US rival United Parcel Service Inc. and Deutsche Post AG’s DHL Express, has posted explosive growth in its China operations in recent years.

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Blue Dart arm sale cleared

Posted by | Nov 23, 2004 | |

Following DHL Worldwide’s proposal to acquire 68 per cent equity stake in Blue Dart Express, the company is hiving off its aviation business into a separate entity to avoid violation of foreign equity investment norms. According to foreign equity participation norms, foreign airlines are not permitted to pick up equity, directly or indirectly, in domestic air transport services. Courier and express company Blue Dart Express has approved the sale of its 100 per cent subsidiary Blue Dart Aviation to its promoters Tushar Jani and Khushroo Dubash.

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FedEx seeks approval for 100% arm in India

Posted by | Nov 18, 2004 | |

As if in a response to DHL Express acquisition of Blue Dart – which gave the German courier & express company a foothold of the domestic express cargo – Federal Express (FedEx) has now approached the government to set up a wholly-owned subsidiary in the country. This signals FedEx entry into the domestic express cargo segment, which has so far been a reserve for home-grown courier companies. As of now, FedEx operates in India as cargo airline which limits its role to airlifting of carrying export and import cargo from international airports. For domestic pick and delivery, it has enter into an arrangement with a clutch of domestic door-to-door express cargo companies. As a spin off, having a subsidiary in the country will also make it easier for the US express major to expand its footprint in the domestic market by acquiring domestic companies.

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