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FINANCIAL NEWS
UK carrier Firnas seeks gulf funding to raise USD50m
11 Oct 2015
(MENAFN) UK carrier Firnas Airways has launched a Gulf funding campaign in a bid to raise the USD50 million it requires for expansion.
The airline’s founder and CEO is chasing GCC investors to help fund plans to establish routes between the UK and Bangladesh, Pakistan, Iran and Saudi Arabia.
The USD50 million cash boost will support operations for the first three years from launch including the cost of leasing three Boeing 767-300ER aircraft.
“These are routes that remain unexploited. Firnas Airways will fill the void by providing a world-class, premium service at economy prices,” he said.
The UK- based carrier is currently in talks with London’s five major airports with a view to establishing the airline’s UK hub.
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