FedEx Express, the delivery giant's airline unit, yesterday signed an agreement to acquire its Indian service provider, Prakash Air Freight, for $30 million in cash. PAFEX has 384 offices in India and serves nearly 4,400 destinations. It has been FedEx's service provider there since 2002, providing domestic logistics and courier delivery support for the US express company's airline operations in India. The deal is subject to regulatory approval by India's government. FedEx said in a ...

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