UAE Company to launch regional Indian carrier in October 2008
|
Emirates Trading Agency-Associated Construction (ETA-Ascon), a diversified UAE-based company, confirmed plans to launch a regional Indian based carrier in Oct-08, under a JV agreement. Local partner(s) were not disclosed.
According to IANS, ETA-Ascon’s Managing Director, Syed Salahuddin stated, “we have already got the license to start the airline. We are preparing for commercial launch around October 2008. It will be a regional airline… India provides the biggest opportunity for us and we see so much scope for growth”.
The upcoming carrier reportedly plans to establish a based in Chennai and/or Bangalore, and will launch services to South Indian destinations, including Madurai, Thiruvananthapuram, Kochi and Vizag.
The company is also currently in discussions with Embraer, Bombardier and ATR to acquire 70-90-seat regional jets to launch the carrier’s operations.
ETA-Ascon recently launched leasing company, Star Aviation, with a portfolio of eight aircraft.
ETA-Ascon was established in 1973, and is jointly owned by Dubai's Al Ghurair Group and a group of non-resident Indian business men. The company has a diverse range of business operations including, real estate, hospitality, cement production, steel manufacturing, retail, jewellery and food services. (c) Centre for Asia Pacific Aviation. Date posted: 12-Feb-08.
|
|
|
UAE Company to launch regional Indian carrier in October 2008
