Logistics Penny Stock Below Rs 15 Partners for Airbus A330 P2F, Becoming First Indian Widebody Cargo Operator
The company has a market cap of over Rs 50 crore and the stock is up by 22 per cent from its 52-week low of Rs 10.45 per share.
Jet Freight Logistics Ltd (JFLL) has marked a significant milestone by becoming the official partner and launch customer under a multi-aircraft order. This collaboration, formalised with Elbe Flugzeugwerke GmbH (EFW) in Germany, Seclink Group and Confity Capital Partners, positions JFLL at the forefront of India's air cargo industry. The strategic alliance falls under the Airbus A330 Passenger-to-Freighter (P2F) conversion program, a move that will establish JFLL as the first Indian cargo airline to operate widebody Airbus A330 P2F aircraft specifically for cargo operations. This development signifies a pivotal moment for both JFLL and the broader Indian air cargo landscape.
This agreement introduces a new-generation freighter platform into the rapidly expanding Indian market through the combined efforts of EFW, a joint venture between ST Engineering and Airbus, along with Seclink Group and UAE-based Confity. The introduction of the A330 P2F aircraft is poised to significantly boost cargo capacity and operational efficiency, effectively addressing the escalating demand fueled by e-commerce growth, export expansion and ongoing infrastructure improvements within India. JFLL's active participation in this initiative underscores its strategic vision to establish a robust air cargo network capable of supporting both domestic and international freight requirements, aligning seamlessly with India's growing prominence as a global logistics hub.
The Airbus A330 P2F platform offers substantial operational advantages, with the A330-300P2F variant providing a gross payload capacity of up to 62 tonnes and a containerised volume reaching 18,581 cubic feet. This translates to an innovative level of efficiency, offering up to 23% more cargo space compared to other freighter aircraft in its class. Complementarily, the A330-200P2F can transport up to 60 tonnes over an impressive range of 7,700 kilometres, rendering it ideal for both regional and long-haul cargo operations. As JFLL embarks on this new chapter in partnership with EFW, Seclink Group and Confity, the company anticipates playing a crucial role in advancing India's air cargo infrastructure and unlocking significant global opportunities for trade and commerce.
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About Jet Freight Logistics Limited
Jet Freight Logistics Limited is an IATA-certified logistics company that has evolved from a 2PL freight forwarder to a tech-enabled 4PL solutions provider since its founding in 1986. The company offers end-to-end logistics for import, export, domestic and third-country movements across air, sea, rail and road.
Specialising in air and ocean freight, Jet Freight handles perishables, Time-sensitive, ODC, hazardous and temperature-controlled shipments. As an authorised customs clearing agency, it manages over 150 tonnes of air cargo daily and is recognised for excellence in critical, Time-sensitive logistics. Operating in 150+ countries and 20+ sectors, Jet Freight has a strong presence across India, the UAE, the Netherlands, the UK and other key hubs worldwide.
The company has a market cap of over Rs 50 crore and the stock is up by 22 per cent from its 52-week low of Rs 10.45 per share.
Disclaimer: The article is for informational purposes only and not investment advice.