Empire Aviation attracts investment from Indian firm
Air Works India Engineering Pvt Ltd (Air Works), an India-based provider of Aviation Services, has made a strategic investment in Dubai-based private aviation specialist, Empire Aviation Group FZCO (EAG).
Formed in Dubai in 2007, by the existing management team and co-founders of the company Paras Dhamecha and Steve Hartley, EAG is a private aviation company offering aircraft sales, aircraft management, aircraft charter, and aircraft finance and insurance. Today, the company has more than 100 staff and operates one of the region’s largest managed fleets of business jets, with 20 aircraft under management, operating out of Dubai International Airport.
EAG co-founder and Executive Director, Paras Dhamecha, said: "Since formation in 2007, EAG has successfully built a strong regional aviation business and grown revenues and profit every year. We have also recently been looking at the exciting potential of the Indian aviation market and opened our first branch office there in 2011. So, we warmly welcome this partnership with Air Works -- one of the leading companies in India’s rapidly developing private aviation sector -- which will help facilitate our entry into India and allow us to exploit more fully the Indian market opportunity by replicating the full portfolio of aviation services for India that we have successfully developed for the Middle East."
Vivek N Gour, Managing Director, Air Works said: "In continuation of our long term strategy to add significant capabilities to our service portfolio, Air Works is delighted to announce this strategic investment in Empire Aviation Group, which has created a very impressive track record of achievement in its relatively short history. The company has a great business model, a very experienced management team and a strong reputation within the regional and international industry. We are fully confident that by working closely together, Air Works and EAG can build a strong franchise in the emerging aviation markets of India and the Middle East."
Established in 1951, Air Works is qualified to maintain 50 aircraft types and serves 100 customers across 15 maintenance locations in India.