'Air cargo sector going through stress'

"Air cargo sector is going through stress due to economic slowdown but its growing steadily at a pace of 8 per cent. We have to understand the market and try to evolve a process which is fast, efficient and economic," S Machendranathan, Additional Secretary and Financial Adviser in Ministry of Civil Aviation, said.

Machendranathan launched the Air Cargo Forum India (ACFI), an apex forum of stakeholders of air cargo industry having the members like airlines, freight forwarders, cargo terminal operators, courier and express operators, general sales agents and others associated with air cargo industry.

"ACFI is a nationwide air cargo trade forum that aims to bring all stakeholders of air cargo sector on one platform and achieve high standards," ACFI President Pradeep Panicker said.

 

He said the forum would pro-actively work with trade and government including Customs, Finance Ministry, Commerce Ministry, Civil Aviation Ministry, Directorate General of Civil Aviation and Bureau of Civil Aviation Security.