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FINANCIAL NEWS
New UAE airline still waiting green light to launch
02 Jan 2012
(MENAFN) Fujairah based Eastern Express said that bureaucracy would hinder its plan to launch domestic flight services in the UAE in January, Arabian Business reported.
Alex de Vos, CEO of the airline, said the company is waiting to be given the green light from General Civil Aviation Authority (GCAA) to start its operations in the first quarter of the year.
He added that the business plan submitted for GCAA approval includes the airline’s plan to lease the Jetstream 41 aircraft with the Saab 340 plane as a back-up, which may be holding up the airline’s sign-off.
Eastern Express will target corporate travelers keen to cut the commute between Fujairah and Abu Dhabi, and looks to break-even within the first three years of operations.
The carrier plans to cover all the major cities in GCC within the next five years, targeting 44,000 passengers annually across a fleet of four aircraft.
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