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FINANCIAL NEWS
UAE’s RAK Airways in talks to expand fleet
26 Jul 2013
(MENAFN) UAE’s RAK Airways is negotiating with Boeing, Airbus and Bombardier over a 10 single-aisle aircraft order to meet expansion plans, Bloomberg reported.
The airline, based in the northern emirate of Ras Al Khaimah is looking at the existing versions of the Boeing 737-800 and Airbus’s A320, together with the new CSeries jet from Canada’s Bombardier, and aims to make a choice by the end of this year or early in 2014, CEO Murabit Al Sawaf said.
The carrier, which began flying in 2007 before suspending scheduled operations during the global slump, plans to expand its network to 40 cities by 2015.
RAK Airways currently serves nine cities including Cairo, Doha in Qatar, Kathmandu in Nepal, Jeddah in Saudi Arabia and Chittagong in Bangladesh using two A320s and two 737-400s.
The airline carried 300,000 passengers in 2012, predominantly migrant workers and tourists, and is targeting a profit in 2014.
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