Mounting losses have not dampened the expansion plans of domestic carriers.
Freight rates between India and China have dropped by more than half following introduction of express services between the two countries by leading international container shipping liners.
Airplane engine major Pratt & Whitney is planning to set up an aircraft engine workshop in India
Thanks to the leapfrogging Indian economy, the country will need 125 freighter aircraft in next 20 years. At present, India has only seven bigger freighters, owned by Blue Dart Express.
Lured by the fast-growing cargo operations, leading freighter companies have joined the race to enter India in a big way