IndiGo's cargo plans are independent of Interglobe-UPS JV, says airline

Interglobe Enterprise which holds 37.82% in IndiGo, is entering the business of logistics and cargo by forming a 50:50 joint venture with logistics giant UPS

The joint venture between Rahul Bhatia-owned Interglobe Enterprises and Atlanta-based logistics giant United Parcel Service (UPS) is completely independent of IndiGo, the airline clarified.

Business Standard on Wednesday reported that Interglobe Enterprise which holds 37.82 percent stake in IndiGo is foraying into the business of logistics and cargo by forming a 50:50 joint venture with UPS.

“The cargo arrangement between Interglobe Enterprise and UPS has nothing to do with us. That’s a standalone operation. They have their own agreements which have no impact on IndiGo,” CEO Ronojoy Dutta said in a post results call with analysts.

Dutta said that IndiGo’s