SpiceJet announces transfer of logistics business to SpiceXpress
SpiceJet on Tuesday announced it was transferring its cargo and logistics services on a slump sale basis to its subsidiary SpiceXpress and Logistics Private Limited.
The proposed transfer of business to SpiceXpress will allow the new company to rapidly grow its innovative logistics platform and its unique fulfilment as a service business model,” said Ajay Singh, Chairman and Managing Director, SpiceJet, in a statement.
