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India's first cargo airline

India’s first cargo airline is all set to take flight in the second week of April. Crescent Air will operate daily night flights between the four metro cities and Bangalore and Hyderabad with weekly connections to Maldives and Sri Lanka. The company hopes to capture about 20,000 tonnes of the 100,000 tonne domestic air cargo market by the end of the year. The company, which was set up at a cost of Rs 20 crore, expects to have revenue of Rs 100 crore (Rs 1 billion) in its first year.