Dubai-based cargo operator SolitAir Holding plans to invest USD 25 million in the domestic market during its inaugural year of operations, according to founder and CEO Hamdi Osman. Osman, who has extensive experience in the logistics sector, having spent 30 years with the American multinational FedEx until 2011, emphasized that India is essential to global trade. He noted that SolitAir prioritizes India as a key focus in its long-term mission and vision, which encompasses 50 cities.
The UAE’s sole cargo-agnostic airline, which commenced operations last year, operates express daily scheduled flights between Dubai and essential trade routes in the Global South. Utilizing a Boeing 737 freighter, the airline aims to connect and serve 50 cities within a six-hour flight radius of the UAE through its air cargo network.
Osman informed PTI that the anticipated investment in the Indian market during the first year is projected to be between USD 20 million and USD 25 million, considering the costs and investments flowing into India.
