Friday, Oct 24, 2014

After airlines close ops, diamond traders plan to launch their own

The group floats two aviation firms and purchase an aircraft. Deals to buy more planes or to take them on lease are underway. ( Source:  Express) The group floats two aviation firms and purchase an aircraft. Deals to buy more planes or to take them on lease are underway. ( Source: Express)
Written by Satish Jha , Kamal Saiyed | Ahmedabad | Posted: June 5, 2014 5:10 am

After the established airlines closed its operations from the diamond city, a group of four Surat-based  diamantaires (diamond traders) have planned to start an airline to connect Surat with Mumbai and other major cities of Gujarat by November this year.

The group has floated two aviation firms and purchased an aircraft recently while deals to buy more planes or to take them on lease are under way.

“This is the latest Surat model of business,” the group claims. And it is not for profit, but a service to cater the growing demand of business community as well as passengers across the state. “The proposed airline is not for earning profit, but a kind of service for the businessmen. Therefore, it is quite viable and this model is possible only in Surat since the city is known for turning scarcity into opportunity. The association is a part of this project,” said Dinesh Navadia, president of Surat Diamond Association.

The group recently purchased a six-seater aircraft (Seneca-V) for the purpose of renting it out as charter plane, besides using it as air ambulance in case of emergency. The aircraft lies at Bhubaneswar airport, waiting for mandatory permission. The group claims that it has sought permission to fly aircrafts from the Directorate General of Civil Aviation (DGCA) and is in touch with the Gujarat government for assistance. The group has not named the proposed airline, but said it will be named after some diamond.

The group has floated two firms — Diamond Aeronotics Pvt Ltd and Global Avianotics Pvt Ltd —in Surat.  The members of the group has been identified as Govind Dholakia of Shri Ramkrishna Exports, Sauji Dholakia of Harikrishna Export, Lalji Patel of Dharamnandan Diamonds and Lavji Badshah, who is also into real estate business. They all are major players of diamond trade in Surat.

“We had similar plans five years back, but due to the advent of some airlines in Surat, such as Spicejet and Kingfisher, among others, we postponed the plan. Today, we are again at the same situation where Surat is not connected with Mumbai by air. We are facing huge demand for air connectivity. Considering this aspect, we are on the verge of flying airplanes,” said Ishwar Dholakia, who has been appointed as director of the two aviation firms.

Dholakia, nephew of Govind Dholakia, said that initially there will be a flight between Surat and Mumbai. Besides, there will be flights connecting Surat with major cities of Gujarat such as Ahmedabad, Jamnagar, Bhavnagar, among others. There is also a plan to launch a flight between Surat and Antwerp, another major diamond hubs in Belgium via Dubai.

“We have figured out that continued…

comments powered by Disqus
Featured ad: Discount Shopping