A strategic investment for Vaayu Group
Ras Al Khaimah (UAE)-headquartered Vaayu Group has signed an agreement to be a strategic investor in New Delhi based Pradhaan Air Express, as announced on the sidelines of the Dubai Airshow. The deal opens up business opportunities in the Middle East for Pradhaan Air Express and reveals Vaayu’s commitment to strengthening the business.
The world’s first A320P2F aircraft which is operated by Pradhaan Air Express is on show at the Dubai Airshow. Pradhaan leased this aircraft from Vaayu last year and it has been in commercial service since October 2022.
Trade between India and UAE is currently valued at around USD 60 billion with a potential to reach USD 100 billion in the near future. (cj)