Nicosia, Oct 1 : The ETA-Ascon Star Group, which is based in the United Arab Emirates, has announced plans to redevelop hundreds of small airstrips in India to serve the corporate jet market in the Gulf and take advantage of the growing traffic created by businessmen who travel to the business and industrial parks and economic zones in India.
The group, with annual sales revenues exceeding 5.5 billion dollars entered the aviation business by setting up Star Aviation in India earlier this year, which focuses on corporate executives who need to fly in the Gulf.
The company is ready to invest in developing airstrips and helipads wherever needed.
"We have entered the executive jet business by setting up a new company, ETA Star Jet, to serve the growing needs of corporate clients across the region," Hameed Salahuddin, director of ETA-Ascon Star Group, told Gulf News in a recent interview.
"We are acquiring three aircraft to start with and we will unveil this during the next Middle East Business Aviation conference in Dubai," he said and added that the biggest demand was expected from the Indian market "as the economy is on a fast-track growth. Corporate India has moved to the next generation that needs fast transit facilities across the country."