The ETA-Ascon Star Group has planned to develop a solid business jet infrastructure in India, to cash in on the country's surging demand for corporate jets, a report said.
The company, which launched its aviation company in India, Star Aviation, is keen to build hundreds of small airstrips and helipads for the country's growing corporate sector, a senior official was quoted as saying in the Gulf News report.
The group which formed ETA Star Jet for the corporate jet market in the Gulf, has annual revenues of $5.69 billion. It is keen invest in developing airstrips and helipads wherever needed.
'The biggest demand is 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,' said Hameed Salahuddin, director of ETA-Ascon Star Group.
A number of industrial parks and special economic zones are coming up in India, that need air strips or helipads for business leaders to travel back and forth, he added.
'There is already a strong need for these services. However, the facilities are not in place. We want to fill up that gap,' he stated.
If the Indian government permits, the Group would invest in creating the executive jet facilities, called fixed-base operations (FBO) across all airports in India, while expanding its own business jet fleet to serve corporate India, he added.