Intercontinental Aviation Enterprise (IAE), a subsidiary of Mehyou Group, which operates Airways Aviation branded flight training organisations in Lebanon and Cyprus has shared in an interview that it is aiming on investing up to USD 20 million over the next five years

“We are actively studying multiple geographic locations to identify promising investment opportunities, aiming to invest up to $20 million in the next five years. By prioritising markets with high demand and a lack of adequate training infrastructure, we aim to significantly impact the future of aviation education and the development of skilled professionals across diverse regions,” shared Wissam Mehyou, CEO and Chairman of IAE.

For its new training base in Larnaca, Cyprus IAE is procuring a new and efficient fleet and is “we are actively exploring avenues such as electric aircraft and sustainable aviation fuels,” according to Mr Mehyou.

Further announcements will be made towards the end of 2024 with IAE following a plan to invest up to USD 4 million in new training centers in the Middle East.

Source: IAE