DELHI: Aviation minister P. Ashok Gajapathi Raju launched Airports Authority of India Cargo Logistics & Allied Services (AAICLAS)company on Tuesday. The AAICLAS is an independent cargo subsidiary company by corporatization of AAI’s cargo department. BK Mehrotra will be the CEO of the new entity, while Neera Rawat has been appointed as the MD.
“The vision of the Company is to become the foremost integrated Logistics Net Work operator in India with primary focus on Air Cargo handling and allied services. This new subsidiary will be allowed to develop its own distinct culture, organization structure and business model while at the same time draw upon the strength of its large parent origination, Airports Authority of India,” AAI said in a release.
“All the activities currently being carried out by the Cargo Department of AAI will be merged into the new Company and the Department will no longer be functioning with AAI. The Company will be shortly initiating comprehensive discussion with all the stakeholders to ensure smooth transition of all Cargo activities to the new Company,” it said.
The new company will focus on three verticals — Air Cargo handling and allied services, Warehousing and Contract Logistics and Air Cargo Road feeder and Air Freight Stations.
“Creating Air Cargo Logistics & Allied Services Company Limited by AAI would bring multiple advantages as there is lot of activities on the cargo front from the AAI in the period ahead. AAI already has vast reservoir of human resources in cargo handling who possess the requisite expertise and experience in handling cargo operations which would be gainfully utilized for the organizational benefits,” AAI said.
Musafir Namah Bureau