SUBSIDIARY NAME
Orto Aviation Project
COUNTRY
UAE
SECTOR/ INDUSTRY
AVIATION
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
June 28, 2022
ACQUISITION VALUATION
750 MILLION
TOTAL ASSET VALUATION
7.5 BILLION
TRANSPORT-AVIATION
Orto Aviation Project acquired on June 28, 2022 to purchase of aircrafts and execution of the project.Regional Pax+Cargo Airlines – 2 Nos. Licensed Operators (one Each in India and N.America/Europe) to be expanded to a Total (Minimum) Fleet of 51 Aircrafts. The Indian Carrier shall operate on Routes within India and to the East of DWC Airport(Dubai); the Western Carrier shall operate Routes within US/Canada/Europe and to the West of Corvera airport.
SUBSIDIARY NAME
New 3* or 4* Hotel, Restaurants, Retail and F&B Processing Plant with food production & packaging plant & a sports complex
RMG INFIDEAL RESOURCES