Gurgaon (Haryana) [India], May 8: SGS has awarded the World Health Organization Good Distribution Practices (GDP) certificate to Air India Limited, India's leading global airline.
While speaking in terms of cargo business, he said there was a bit of lag. He said globally too, it was suffering. "In Europe, there is a slowdown. In the US, there is no growth," he added.
Aiming to boost growth in the cargo business, SpiceJet said it has completed the hive-off of its cargo and logistics division 'SpiceXpress' into a separate entity -- SpiceXpress and Logistics Private Limited. It is effective from April 1,
The homegrown airline will also issue compulsorily convertible debentures (CCDs) in SpiceXpress to Carlyle Aviation Partners, valuing the cargo business at over USD 1 billion, sources said.
The company said in its statement that its cargo business hive-off would be completed in third quarter (Q3). The airline said it was expecting significant operational improvements and restructuring benefits starting during the third quarter (Q3).
Gurugram (Haryana) [India], February 10 (ANI): Low-cost carrier SpiceJet on Wednesday reported a net loss of Rs 57 crore for the quarter ending December 31, 2020 as against a loss of Rs 112 crore in Q2 FY21.