SpiceExpress Explores Electric Cargo Planes With Pifore Aviation Start-Up Division
Move on electric scooters and four wheels. Leading air cargo company SpiceXpress and a new aerospace division of Pifore are exploring the launch of zero-carbon electric cargo planes. The project is in its preliminary phase but a memorandum of understanding (MoU) has been signed between the two companies.
SpiceXpress is the cargo division of the commercial airline Spicejet. Pifore says it provides engineering, construction and technical services for the planning and design of security systems to government agencies and private sector companies. It claims to operate in oil and gas, infrastructure, power and industrial projects and also has a project for the aviation industry.
Earlier this year, Spice Jet transferred its logistics activity to its subsidiary SpiceXpress and Logistics. This was done on the basis of a discount sale with all associated assets and liabilities, including know-how, brands, licenses, franchises, customer contracts and distribution networks.
A source close to the company said SpiceJet’s air cargo business came to the rescue when the company’s passenger transport business faced problems. In the first quarter of fiscal 2022, SpiceExpress reported a net profit of Rs 30 crore, which was important as passenger airlines were nearly grounded during the Covid lockdown. Therefore, they are focusing more on the growth of air cargo orders by leveraging e-commerce and new technologies when the passenger sector faced fierce competition and was plagued by rising fuel costs. Pifore appears to have acquired some technological know-how on electric planes and SpiceExpress was ready to explore the opportunity, the sources said. SpiceXpress says it operates as a separate entity and takes on some transportation services, ground and logistics support, management services, etc. by SpiceJet.
SpiceExpress and Pifore did not comment on an email query regarding electric planes.