Mumbai: German carrier, Lufthansa, has confirmed that it is in negotiations with full-service Indian carriers Jet Airways and Bangalore-based cargo airline QuikJet to form a strategic alliance for cargo operations.
The announcement comes after the Indian government, under its foreign direct investment (FDI) policy review, allowed foreign carriers to own 74 per cent in cargo operations.
Earlier, foreign investment was not permitted in cargo airline operations.
Lufthansa officials said that they see India as a strategic market and would like to be the number one carrier in cargo operations. They would like to partner Indian carriers, including Jet Airways and QuikJet, for operations to Europe and other forward destinations.