Quikjet Cargo
Quikjet Cargo is an all cargo airline based in Bangalore, India. It was formed in 2007, promoted by AFL Pvt Ltd. Switzerland-based Farnair picked up a 36.2% stake in the airline in February 2012, making AFL the second-largest shareholder with 20.8% stake in the carrier.[1] QuikJet had operated one of Farnair’s twelve ATR 72-200(F)s until March 2013 before temporarily closing shop in anticipation of a B737-400F.[2] In May 2015, India’s Foreign Investment Promotion Board (FIPB) approved Farnair’s plan to step up its stake in Quikjet Cargo Airlines from 50.93% to 72.59% in multiple stages involving a minimum total foreign direct investment of Rs. 14.4 Crores. Quickjet plans to launch scheduled domestic cargo services using Boeing 737 aircraft.[3]
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