India May Have Attained A Surplus In Its Current Account
Dubai-based SolitAir Holding plans to invest $25 million in India’s cargo market in its first year of operations. The company sees India as critical to global trade and aims to expand its air cargo network across the country.
Hamdi Osman, Founder and CEO of SolitAir, emphasized India’s strategic importance. “India is neck-and-neck with China in trade. It is a leader in pharmaceuticals and technology. We see Delhi, Mumbai, Bengaluru, and Ahmedabad as key gateways,” he said.
The UAE’s only dedicated cargo-agnostic airline started operations last year with a Boeing 737 freighter. It offers express daily scheduled services between Dubai and high-yield trade routes across the Global South. In January 2024, it launched freighter services to Bengaluru and plans to double or triple its investment in the next two to three years.
India’s growing role in global trade makes it a priority for SolitAir. The company aims to connect 50 cities within a six-hour flight radius of the UAE. Osman stressed the rising demand for mid-mile logistics, particularly in overnight express cargo services (12-14 hours).
“We live in a new era driven by customer expectations, especially in e-commerce. The demand for airport-to-airport cargo services is growing, and we are already seeing its impact since we launched operations,” he added.
Earlier this month, SolitAir appointed GAC Shipping (India) Pvt Ltd as its cargo sales agent (CSA). GAC, part of the global GAC Group, will provide sales and marketing support through its 28 offices across India.
Looking ahead, SolitAir aims to expand beyond India into Africa, the Middle East, GCC nations, and Central Asia, including Pakistan, Afghanistan, and Uzbekistan.
By strengthening its India cargo network, SolitAir aims to become a key player in the global express air freight market, supporting the growing needs of pharmaceutical, technology, and e-commerce industries.
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