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Abhay Lodha

Logistics start-up Avicore Aviation Pvt. Ltd plans to invest $100 million, or about Rs400 crore, to launch a new cargo airline before mid-2008 from the country’s first dedicated cargo airport at Nagpur. The start-up is backed by Indian and some US-based non-resident Indian businessmen through Avicore Llc.
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The main Indian promoter is Abhay Lodha, managing director of Mumbai-base company, which has interests in steel and power plants, along with Avicore Aviation chief executive Shankar Devarajan. Avicore is the third firm that has applied to the government for a licence to launch a cargo airline. Interest in the country’s air cargo business comes after a three-year boom in passenger services among airlines in India.

https://www.livemint.com/Companies/YfrGMZu0c6vwjzvsTrm4AN/Avicore-plans-cargo-airline-by-mid2008-to-invest-Rs400-cro.html


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