Al Sayegh Group is set to launch a new $100 million airline, said Sharjah based National Paints Company CEO Saleem Al Sayegh.
Al Sayegh Airlines would start its activity soon with two flights per week from Sharjah to Istanbul, Moscow, China, India and Bishkek, capital of Kyrgyzstan, Al Sayegh was quoted as saying by UAE based Arabic daily Al Khaleej.
He said the airline’s head office would be based in Bishkek, and is scheduled to operate five cargo aircraft and three passenger aircraft, and more would be added gradually.
Cargo flights are due to start this month while the passenger flights will start in April, he said, adding that the airline intends to buy three aircraft for chartered flights. The airline will expand its operations to include some European and Arab countries.
Al Sayegh said the group is gearing up to launch multiple projects and expand its activities inside and outside the UAE, adding that the group intends to increase the volume of its investments to keep pace with the growth of the UAE.
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