By Xinhua
Abu Dhabi : The Emirates Trading Agency-Associated Construction (ETA-Ascon), a conglomerate of the United Arab Emirates (UAE), will launch a new regional airline in India in October, the Gulf News reported Sunday.
“We have already got the license to start the airline. We are preparing for commercial launch around October. It will be a regional airline,” said the company’s managing director Syed Salahuddin.
“We have started talking to all three regional jet manufacturers — Embrayer, Bombardier and ATR — to acquire 70-90 seater regional jets for the new airline in India,” he said.
Established in 1973, ETA-Ascon is jointly owned by Dubai’s Al Ghurair Group and a group of non-resident Indian businessmen.
It is one of the largest conglomerates in the UAE, whose business covers shipping, trading, construction, real estate and power sectors.