Amazon Air cargo service launches in India even as company cuts costs

A wide body aircraft emblazoned with Amazon’s Prime logo lands at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S. December 20, 2016. Picture taken December 20, 2016. To match Insight AMAZON.COM-SHIPPING/ REUTERS/Mark Makela

REUTERS/Mark Makela

Amazon on Monday announced it’s bringing its air cargo operations to India, marking fresh growth for the company’s logistics arm even as it looks to cut costs in other divisions.

The e-retailer is using two Boeing 737-800 aircraft flown by Quikjet Cargo Airlines to ship packages between Hyderabad, Bengaluru, Delhi and Mumbai. Amazon Air will enable the company to offer faster deliveries to customers in India, said Sarah Rhoads, vice president of Amazon Global Air, in a statement.

The launch of Amazon Air in India comes as Amazon CEO Andy Jassy is undergoing a broad review of the company’s expenses as it stares down a worsening economic outlook and slowing retail sales. Last week, Amazon

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Iwatani Corporation of America acquires Aspen Air US, LLC Iwatani Enters the US Industrial Gases Market

HOUSTON, Jan. 4, 2023 /PRNewswire/ — Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange) today announced that it has acquired Aspen Air U.S., LLC based in Billings, Montana. Financial terms of the transaction were not disclosed.

Aspen Air is a leading manufacturer and distributor of bulk liquid industrial gases in Montana and the surrounding States. Aspen Air supports a diverse industrial and medical base of customers including those in the energy and chemicals sectors, hospitals, and the very important packaged gases and independent distributor network.

“Aspen Air is recognized for its commitment to safety and reliable supply to its customers. This acquisition marks Iwatani’s entrance into the U.S. Industrial Gases sector and reflects its focus on supporting customers in underserved markets” said Joseph S. Cappello, CEO of Iwatani Corporation of America.

Tom Harrison, Iwatani Corporation of America’s Vice President

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