Associated Group plans to launch all-business-class airline service

LAHORE: Associated Group plans on launching an all-business-class commercial airline service that will target businessmen, executives and bankers as their niche market.

According to a report published in Profit, the Group is looking to make an investment of $15 million for this project, which is in the advanced stages of implementation. The operations of the airline will focus on flights within Pakistan.

“We have identified Embraer E-190 as potential aircraft for the service,” Iqbal Z Ahmed, CEO of Associated Group, said while talking to Profit. “It’s an 80-passenger aircraft with all business class seats and we are targeting to start our commercial operations from January 1, 2020,” he added.

Associated Group is one of the prominent business houses in the country with business interests in various sectors, prominently energy.

Must Read

Honda Atlas Cars’ Profit-after-tax down by 62%

Honda Atlas Cars (Pakistan) Limited (HCAR) reported a nearly 62% drop in profit-after-tax (PAT) for the quarter ending September 30, 2024, compared to the...