Air India SATS to develop cargo hub at Noida Airport

Mumbai: Air India's joint venture firm AISATS and Yamuna International Airport Pvt Ltd on Wednesday announced signing a concessionaire agreement for a multi-modal cargo hub at the upcoming Noida international airport.

As part of the plan, Air India SATS Airport Services Private Limited (AISATS) will design, build, finance and operate the cargo hub, which is expected to come up on 87 acres of land and provide quick, convenient and intermodal connectivity to and from manufacturing hubs across the country.

Through this facility, AISATS aims to provide India's logistics sector with a cargo processing and transportation grid that will help reduce logistics costs significantly.