Crescent Air Cargo to fly by April

Chennai, March 23 | Updated: Mar 24 2005, 06:37am hrs
Crescent Air Cargo Services Pvt Ltd, a new dedicated cargo airline company, is all set to fly by April-end. With three Fokker F50s the company will operate in key domestic sectors including Chennai-Bangalore, Mumbai-Bangalore-Chennai, Chennai-Hyderabad-Chennai, Mumbai-Delhi-Mumbai sectors.

It is planning to add two more F50s and operate flights on the Chennai-Colombo and Chennai-Male sectors in May-June, Capt Deepak Parasuraman, managing director told a press conference here on Tuesday.

We are targeting the Chinese and West Asian cargo markets and operate feeder services for the international airlines. We will be acquiring wide-bodied jets for the international operations within a year, he added. Promoted by a small team of entrepreneurs, the Rs 20-crore Crescent would have a topline of Rs 100 crore in the first year of operation.

We propose to move 20,000 tonne of cargo through 2,544 flights in the first year, he said. Capt Parasuraman said, the company would fly courier cargo by night and high value and perishable cargo in the day time. By operating a cargo service from Chennai to Colombo, the air freight for cargoes to

European cities would be substantially lower than the freight charges from Mumbai, he said.

He said Crescent has tied up with the Malaysian Airlines for providing IT assistance on a wholetime basis for flight operations and training of crew. For engineering support, the company has entered into a continued airworthiness support agreement, with Fokker Services Asia, Singapore.