Ras Al Khaimah, United Arab Emirates aviation conglomerate Vaayu Group, which owns flight training organisations in North America, has announced the acquisition of a strategic stake in Indian air cargo operator Pradhaan Air Express.

Vaayu Group, established in 2011, has set its sights on becoming a major player in the air cargo space, and this strategic investment in Pradhaan aligns with that vision. Emad AlMonayea, Chairman and President of Vaayu, emphasized the strategic importance of this move, highlighting the numerous opportunities it presents, particularly between the Middle East and India.

Vaayu and Pradhaan Air Express already share a business relationship, with Vaayu leasing an A320-200(P2F) to Pradhaan. The recent investment is expected to further strengthen their collaboration. AlMonayea revealed that Vaayu anticipates the addition of two A320-200P2Fs in the coming year, with plans to continuously expand the fleet, adding two aircraft each year from 2024 onward.

Source: Vaayu Group
Photo Credit: Pradhaan Air Express