[ad_1]
For more crisp and insightful business and economic news, subscribe to the Daily Upside newsletter. It’s completely free and we guarantee you’ll learn something new every day.
As India’s population prepares to overtake China, Amazon’s rupee signs…
Amazon has announced the launch of Amazon Air, the company’s air cargo business in India, making it the country’s first e-commerce company to have its own “dedicated air cargo network”.
Copy the script
Amazon’s air freight business skyrocketed in 2016, but a former employee told Wired that its roots go back to 2014, when the company found boxes full of Kindles it desperately needed to deliver to troubled customers at the Seattle airport. In the year By December 2022, Amazon’s fleet was operating more than 200 flights a day, and the breakneck speed with which the company has built up its air cargo business is typical of Amazon — and the main reason was the last time there was a protest by Amazon’s airline workers. Winter.
India is a key market for Amazon, but the Big Tech Goliath isn’t the only show in town. Its bitter e-commerce rival is Flipkart, which has historically commanded a large market share and is backed by Walmart. Using planes to transport cargo across India’s vast geography could give Amazon a speed edge, which has always been its policy.
- Amazon said it is partnering with local airline QuiJet to operate flights between cities including Hyderabad, Bengaluru, Delhi and Mumbai.
- Amazon Air already operates in the US and Europe and has made India its third market. Amazon did not say how much it would spend. Priming India itself is in the sky, but planes are expensive, and if the company is currently conducting a historically cost-effective exercise, it must be sure that the bet will pay off.
Flying in the sun In other aviation news, Airbus is getting into the telecom business. A French aviation company has hired Morgan Stanley to develop a program to produce solar-powered drones. The idea is that drones will fly around the world above the altitude of commercial airplanes and act like satellites. so true in space. An interesting concept, although Airbus needs some work to do if drones are to become permanent fixtures in our skies – the last of which crashed after 64 days of continuous flight. Unfortunately, the drone was just hours away from breaking the world record for endurance flight. Better luck next time, little man.
[ad_2]
Source link
