Blue Dart introduces first Boeing 757s in India
Blue Dart, India’s largest air express, courier and package distribution company, today announced the induction of two Boeing 757-200 freighters into its air express fleet. The aircraft were acquired on lease by Blue Dart Aviation which has an agreement with Blue Dart Express Ltd. to utilise its aircraft for dedicated domestic air services.
The addition of the 757s will augment Blue Dart’s freighter fleet of five aircraft, and will increase capacity from 166 to 250 tonnes per night to service growing demand. Blue Dart’s charter capabilities within the country will also be fortified. The route network will be extended to 60 with the addition of 21 route connections to the existing 39. To further strengthen the air infrastructure, an aviation hub will be launched at Ahmedabad, and the
The Boeing 757-200 freighter is a derivative of the twin-engine passenger jetliner. The 757 freighter has a two-person flight deck and is designed to accept upto 15 pallets with a payload of 28 tonnes on its main deck, and additional freight in its lower holds. The major features include a large side cargo door in the forward fuselage, a single crew entry door just ahead of it, and a windowless freighter interior with 6,600 cubic feet of cargo space on the main deck. It offers great benefits by reducing airport congestion and a versatility to fly both long and short range routes.
Speaking on the occasion Mr. Malcolm Monteiro, Managing Director, Blue Dart Express Ltd., said, “We’ve introduced the 757s at a time when the Indian economy is aiming at GDP growths of 10%.
Mr. Niteen Gupte, Managing Director, Blue Dart Aviation Ltd. said, “We are the only airline offering dedicated domestic air express services and operate at an average load factors of 88%. Our current fleet has five Boeing 737-200 and two Boeing 757-200 freighters, with seven aviation hubs at all the major metros. With these aircraft, our network capacity increases by 50%”.
“Our unique integrated infrastructure enables a complete range of distribution services from air express – both domestic and international, airfreight, ground and charters. With the induction of the B757s, critical project distribution will be greatly enhanced with the availability of higher aircraft volumes and payload, as well as charter options”, said Ms. Tulsi Mirchandaney, Senior Vice President - Marketing and Projects, Blue Dart Express Ltd.
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Blue Dart stock price
On September 19, 2014, Blue Dart Express closed at Rs 5219.35, down Rs 170.9, or 3.17 percent. The 52-week high of the share was Rs 5515.00 and the 52-week low was Rs 2350.00.
The company's trailing 12-month (TTM) EPS was at Rs 49.69 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 105.04. The latest book value of the company is Rs 267.73 per share. At current value, the price-to-book value of the company is 19.49.
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