Flying Freighters to make Hyderabad hub

Flyington Freighters, a cargo airline company promoted by Hyderabad-based publishing group Deccan Chronicle, have signed an agreement for acquiring for six A330-200F aircraft from Airbus Industrie. The listed price for six freighters are estimated at $1.1 billion.

Earlier, the company had signed $1 billion deal with Boeing to acquire four B777 freighters.

Flyington Freighters is the first cargo airline to order the A330-200F, which is the latest freighter from Airbus. The first aircraft will join the fleet in the second half of 2009. The company is one of the very few domestic logistic companies which is venturing on to international routes.

Currently, there is no domestic company is involved in international cargo airline services. Blue Dart Aviation is the only domestic player in cargo airline segment. Courier firm First Flight had also forayed into this sector recently with three leased aircraft in last year.

Flyington Freighters is planning to make Hyderabad a hub for its cargo operations and will operate to China, East Asia, Hong Kong, Japan, Malaysia, Middle East, Los Angeles, New York and Europe.

Source: Business Standard