Jet's 1st deal with Etihad was signed in 2013, which took 15 months & 46 trips by Goyal and the Jet management.
Air India Express is likely to post a net profit of about Rs 250 cr for the full year ending March 31.
The geared turbofan engines, powering 350 planes in the world and 97 in India have crossed 1.5 million hours of service.
IndiGo posted its first loss in the July quarter. It will shortly announce earnings for December.
The airline has also considerable overdues to the Mumbai airport, its base in India, said a third person in the know.
With cut-throat competition and excess capacity making it impossible for airlines to increase fares, their profitability is now even more linked to fuel price movements.
Banks have refused any liquidity assistance for Jet until it gets equity funding from existing shareholders.
“This acquisition will help strengthen Yatra’s foothold in the southern India region along with adding over 100 corporate clients to its existing client base of over 700,” said a statement from Yatra.
The two deals will add Rs 120 crore to Allcargo’s annual revenue, adding that Allcargo’s total investment to make warehouses in the space will be about Rs 1,000 crore.
Aviation Minister Suresh Prabhu said the government will shortly announce an air cargo policy to help better transportation of perishables.
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