SpiceJet and Gulf Air have signed a memorandum of understanding to explore greater cooperation, including coordinating cargo services. SpiceJet’s cargo operation, SpiceXpress, is rapidly growing. To underscore SpiceJet’s recent focus on cargo, the carrier has set its sights on an initial public offering (IPO) of its 1-year-old cargo unit, driven by a burgeoning e-commerce market. “Gulf Air also has strong cargo operations to Europe and Africa, and we can have strong cooperation with SpiceJet on strengthening each other’s cargo businesses,” Kresimir Kucko, CEO of Gulf Air, said in announcing the partnership.