In its overarching vision to be a leading global aviation solutions company, Ras Al Khaimah-based Vaayu Group has signed an agreement to be a strategic investor in New Delhibased Pradhaan Air Express.
This was announced on the sidelines of the Dubai Airshow earlier today. It not only opens up business opportunities in the Middle East for Pradhaan Air Express, but this agreement has also revealed Vaayu’s commitment in reinforcing 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 has been in commercial service since October 2022.
Trade between India and UAE is currently valued at around US$ 60 billion with a potential to reach US$ 100 billion in the near future.
Emad AlMonayea, Chairman and President, Vaayu Group said, “Vaayu’s vision is to become a significant player in the air cargo space in the years to come.
“This move with Pradhaan is quite strategic considering the opportunities it presents between the two regions. We are quite hopeful that we are flying in the right direction.”
In fact, Vaayu plans to expand its footprint in the air cargo space with the addition of two more A320P2Fs by 2024 – which will enhance capacity and improve its network.
Nipun Anand, Founder and CEO, Pradhaan Air Express, said, “we are pleased with the fact that Vaayu has joined us since they bring with them a great record in the aviation sector.
“Their invaluable expertise and their single-minded plans to increase cargo capacity bodes well for us.”
“The Airbus range of freighter aircraft is impressive and will add immense value to Pradhaan’s plans, ” added Nipun.