Latest news with #SolitAir
Arabian Post
09-05-2025
- Business
- Arabian Post
Indian Rupee Hits Lowest Level in Weeks Amid Border Tensions
The Indian Rupee has plummeted to its lowest value against the UAE Dirham in over a month, marking a significant drop to 23.36 per dirham. This decline, the steepest since mid-April, follows escalating border tensions between India and Pakistan, which have triggered volatile market reactions. Traders are closely monitoring the situation, with fears of further instability driving the currency's slide. As the conflict intensifies, the Rupee's depreciation is attributed to growing uncertainties surrounding the geopolitical standoff. India and Pakistan, both nuclear-armed neighbours, have long been at odds over the Kashmir region. The latest developments have exacerbated market fears of prolonged instability, pushing investors to seek safer assets, which has further weighed on the Rupee. Currency markets, traditionally sensitive to geopolitical risks, have seen a surge in demand for the US Dollar, which remains a global safe-haven. Analysts point to the Dollar's strengthening as a direct response to mounting tensions in South Asia, compounded by global inflationary pressures. With foreign investors retreating from riskier assets, the Rupee has been further pressured, intensifying the currency's downtrend. The Indian government's response to the situation, alongside Pakistan's military actions, has added to investor uncertainty. The military exchanges along the Line of Control between the two countries have led to heightened concerns not only about regional security but also about the broader economic repercussions of prolonged instability. Economists suggest that the markets will continue to reflect these risks until diplomatic measures are taken to de-escalate tensions. The ongoing conflict is expected to affect trade relations, particularly in sectors reliant on cross-border commerce. Import and export activities between India and Pakistan, already hindered by past disputes, are likely to experience further disruptions. This could lead to an uptick in inflation, especially in critical sectors like oil, where price fluctuations are particularly sensitive to regional tensions. See also SolitAir Gains UAE Certification, Expands Cargo Fleet Central banks in both nations, as well as the International Monetary Fund , have called for restraint, urging both sides to avoid further military escalation and seek peaceful resolutions. However, the risk of military confrontations spilling over into broader regional instability remains a concern that is factoring heavily into currency movements. The financial impact on India is also underscored by the continued inflationary pressures faced by the country. While India has a relatively strong domestic economy, analysts warn that the ongoing uncertainty over the border conflict could undermine investor confidence, further destabilising the currency. This would place more pressure on the Reserve Bank of India , which may be forced to intervene in the markets to prevent excessive depreciation. For businesses and consumers, the weakening Rupee has meant higher costs for imported goods, particularly fuel and electronic products, which are crucial to India's economy. The cost of living for many Indian citizens is expected to rise, further intensifying socio-economic concerns. The rise in fuel prices has already led to protests in certain parts of India, with many calling on the government to address the economic fallout from the ongoing tensions. The Indian government, however, remains optimistic about the long-term outlook for the Rupee. According to finance ministry officials, the country's economic fundamentals remain robust despite the external geopolitical risks. They argue that the current currency depreciation is part of a broader, global trend, and that India is well-positioned to weather the storm with its growing foreign reserves and strong trade relationships beyond the subcontinent. Despite these assurances, many analysts argue that India's growing fiscal deficits and inflationary pressures could further complicate the Rupee's recovery. A sharp depreciation could potentially lead to an erosion of investor confidence, compounding the country's financial challenges.
Trade Arabia
11-04-2025
- Business
- Trade Arabia
SolitAir secures air operator certificate in UAE
Dubai World Central-headquartered middle-mile air cargo operator SolitAir said it has officially received its Air Operator Certificate (AOC) from the General Civil Aviation Authority (GCAA). The certification process, governed by UAE Civil Aviation Regulations (CAR) Part V, Chapter 4, required SolitAir to meet stringent operational, safety and financial capability standards. The approval underscores SolitAir's commitment to maintaining the highest levels of air safety and regulatory compliance, reinforcing its position as a trusted partner in the region's logistics and supply chain sector, said the statement. SolitAir also announced the addition of a fourth aircraft to its growing fleet. The cargo airline now operates three Boeing 737-800 BCF freighters – one of which is under a dry lease agreement and one 737-400 BCF, it stated.
Zawya
11-04-2025
- Business
- Zawya
SolitAir secures air operator certificate in UAE
UAE - Dubai World Central-headquartered middle-mile air cargo operator SolitAir said it has officially received its Air Operator Certificate (AOC) from the General Civil Aviation Authority (GCAA). The certification process, governed by UAE Civil Aviation Regulations (CAR) Part V, Chapter 4, required SolitAir to meet stringent operational, safety and financial capability standards. The approval underscores SolitAir's commitment to maintaining the highest levels of air safety and regulatory compliance, reinforcing its position as a trusted partner in the region's logistics and supply chain sector, said the statement. SolitAir also announced the addition of a fourth aircraft to its growing fleet. The cargo airline now operates three Boeing 737-800 BCF freighters – one of which is under a dry lease agreement and one 737-400 BCF, it stated. This fleet expansion supports SolitAir's ongoing growth from its state-of-the-art, 220,000-sq-ft logistics facility at DWC, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
10-04-2025
- Business
- Zawya
SolitAir secures AOC in the United Arab Emirates
Dubai, UAE: Dubai World Central-headquartered middle-mile air cargo operator SolitAir has officially received its Air Operator Certificate (AOC) from the General Civil Aviation Authority (GCAA). The certification process, governed by UAE Civil Aviation Regulations (CAR) Part V, Chapter 4, required SolitAir to meet stringent operational, safety and financial capability standards. The approval underscores SolitAir's commitment to maintaining the highest levels of air safety and regulatory compliance, reinforcing its position as a trusted partner in the region's logistics and supply chain sector. 'Receiving the AOC from the UAE's competent authority is a testament to our operational excellence and readiness to drive innovation in air cargo transportation,' said Hamdi A. Osman, Founder & CEO of SolitAir. 'Our focus is on delivering agile, express, reliable and sustainable solutions to bridge the high growth, developing markets of the Global South with Dubai, one of the world's most sophisticated and hyperconnected trade hubs.' SolitAir also announced the addition of a fourth aircraft to its growing fleet. The cargo airline now operates three Boeing 737-800 BCF freighters – one of which is under a dry lease agreement and one 737-400 BCF. This fleet expansion supports SolitAir's ongoing growth from its state-of-the-art, 220,000-square-foot logistics facility at DWC. Four more aircraft will join its fleet by the end of 2025, with the aim of expanding to 20 aircraft by 2027. The company is also laying the groundwork for integrating electric aircraft into its network by the end of the decade, in line with its sustainability vision. SolitAir's versatile fleet is optimised for reliability, efficiency and the safe transport of specialised cargo categories, including temperature-sensitive pharmaceuticals, e-commerce shipments and hazardous materials, ensuring cargo reaches its destination securely and on time. Osman added: 'SolitAir is instrumental in advancing Dubai's vision to expand its industrial footprint and solidify its position as a global leader in air cargo transportation. With our cargo operations soon linking Dubai to 50 key markets across Africa, South Asia, Central Asia and the Middle East, we are poised to drive trade efficiency and foster economic growth throughout the Global South.' About SolitAir Dubai World Central (DWC)-headquartered SolitAir is the UAE's only dedicated cargo airline operating express daily scheduled services between Dubai and high-yield key trade routes across the Global South, catering to the bespoke transportation needs of freight forwarders, integrator airlines, SMEs, and e-commerce businesses. Thanks to its agile, customer-centric, and technologically advanced B2B, middle mile business model, SolitAir ensures the swift, efficient, and reliable airport-to-airport movement of goods and products. As a complementary partner to the global supply chain ecosystem, SolitAir bridges critical connections and delivers tailored speed-to-market solutions. SolitAir operates a growing fleet of modern narrow-bodied Boeing 737-800 aircraft connecting Dubai World Central (Al Maktoum International Airport) to high yield Global South markets across the Middle East, Africa, the Sub-Continent and Central Asia while adhering to stringent global, regional and local regulations. With a commitment to reliability, speed, flexibility and efficiency, SolitAir ensures seamless deliveries of Dangerous Goods, Pharmaceuticals, Perishables (including Meat, chicken and fish, and Frozen Goods), Valuable Goods, Vulnerable Goods, Oversized Freight and e-commerce. SolitAir was founded by Hamdi Osman in 2024 who currently serves as CEO. Hamdi is the former Senior Vice President of FedEX Express Europe, Middle East, Indian Subcontinent and Africa. For further information, please contact: Nabil Moufarrej Chief Marketing Officer, SolitAir nmoufarrej@ Lejo Johnny Leidar MENA Email:
Mid East Info
11-03-2025
- Business
- Mid East Info
SolitAir appoints GAC India as Cargo Sales Agent for India - Middle East Business News and Information
Dubai, UAE, March , 2025: SolitAir , a Dubai-based air cargo carrier addressing middle-mile logistics demands, has appointed GAC Shipping (India) Private Limited as its cargo sales agent (CSA) in India. GAC Shipping (India) Private Limited is part of the GAC Group, a global provider of shipping, logistics and marine services with more than 300 offices in over 50 countries worldwide. As SolitAir's cargo sales agent, GAC will draw on its deep local market knowledge and extensive network of 28 full-fledged offices nationwide to provide comprehensive sales and marketing services to promote SolitAir's cargo services in the Indian market. This strategic appointment reflects SolitAir's commitment to expanding its presence and providing comprehensive air cargo solutions in key international markets within the Global South. Hamdi Osman, SolitAir's founder and CEO , said: 'Our partnership with GAC India marks a significant milestone in SolitAir's growth strategy. India's dynamic and rapidly expanding cargo market presents immense opportunities and GAC's extensive experience, strong presence and commitment to excellence will be instrumental in strengthening our operations in this crucial market. We are confident that this collaboration will enable us to better serve our customers and capitalize on the growing trade between India and the UAE, particularly after the recent Comprehensive Economic Partnership Agreement (CEPA).' Ravi Ramachandran, Managing Director – GAC India, added: 'We are excited to welcome SolitAir to India with a big Namaste ! 'We look forward to representing the airline and promoting its services as their cargo sales agent. To do so, we shall work with the SolitAir team to develop and implement a bespoke marketing and sales strategy to penetrate key markets and win customers. Backed by a dedicated team of over 400 professionals, we are committed to offering the same high level of service that GAC is renowned for worldwide. We're confident this partnership will drive growth for both SolitAir and our customers in India.' SolitAir currently operates two narrow-body Boeing 737-800 freighters, each with a 23-tonne capacity. A third freighter will join the fleet next month, supporting the company's expansion plans into India, Bangladesh, key markets in Africa, the Stan countries, and other Middle Eastern hubs. The airline aims to connect over 50 cities within the Global South, within a six-hour flying radius from its Dubai World Central (DWC) headquarters. By the end of 2025, SolitAir plans to add four more aircraft to its fleet and aims for a total of 20 aircraft by 2027. This expansion is well-aligned with the projected increase in trade between India and the UAE, which is expected to exceed $100 billion by 2030. SolitAir's strategic location and cutting-edge infrastructure ensure timely delivery of goods within 12 to 24 hours, meeting the speed-to-market needs of freight forwarders, integrator airlines and SMEs, while handling time-sensitive and complex freight requirements. Operating from a state-of-the-art 22,000 square metre facility at Al Maktoum International Airport in Dubai South, SolitAir is equipped to handle a wide range of cargo, including e-commerce, pharmaceuticals, perishables, dangerous goods, vulnerable goods, oversized cargo, and high-value shipments. About SolitAir: Dubai World Central (DWC)-headquartered SolitAir is the UAE's only dedicated cargo-agnostic airline operating express daily scheduled services between Dubai and high-yield key trade routes across the Global South, catering to the bespoke transportation needs of freight forwarders, integrator airlines, SMEs, and e-commerce businesses. Thanks to its agile, customer-centric, and technologically advanced B2B, middle mile business model, SolitAir ensures the swift, efficient, and reliable airport-to-airport movement of goods and products. As a complementary partner to the global supply chain ecosystem, SolitAir bridges critical connections and delivers tailored speed-to-market solutions. SolitAir operates a growing fleet of modern narrow-bodied Boeing 737-800 aircraft connecting Dubai World Central (Al Maktoum International Airport) to high yield Global South markets across the Middle East, Africa, the Sub-Continent and Central Asia while adhering to stringent global, regional and local regulations. With a commitment to reliability, speed, flexibility and efficiency, SolitAir ensures seamless deliveries of Dangerous Goods, Pharmaceuticals, Perishables (including Meat, chicken and fish, and Frozen Goods Valuable Goods, Vulnerable Goods, Oversized Freight and e-commerce. SolitAir was founded by Hamdi Osman in 2024 who currently serves as CEO. Hamdi is the former Senior Vice President of FedEX Express Europe, Middle East, Indian Subcontinent and Africa. About 'GAC Shipping (India) Private Limited' GAC Shipping (India) Private Limited is part of the GAC Group, a global provider of integrated shipping, logistics and marine services.
