SpiceJet transfers cargo and logistics business to SpiceXpress

Stattimes17 Aug, 2021News

SpiceJet announces the handing over of its cargo and logistics business to its subsidiary SpiceXpress and Logistics Pvt. Limited (SpiceXpress). The transfer includes cargo and logistics services on a slump sale basis along with all related assets and liabilities, including, know-how, trademark, licenses, franchises, customer contracts, distribution network etc, subject to the approval of shareholders and also such other approvals as may be required. SpiceXpress will operate as a separate entity upon transfer of business on or around October 1, 2021.