Finance HomeInternational
Aircraft purchase on cards for RAK Airways
Tuesday, January 29, 2008 10:57 [IST]

Dubai: Aiming to fly to two-three destinations in India by March, the new UAE airline, RAK Airways, will sign purchase agreements for four new aircraft next month, a senior official said.

"We have already initiated the aircraft purchase process and the agreements with the manufacturers will be signed next month. The initial deliveries are expected by 2011 or 2012 and until that time we will be going for leased aircraft," the Chief Operating Officer of the airline, K Ravindran said at the Ras Al Khaimah Conference 2008 yesterday.

The new aircrafts would be either Airbus 320 or Boeing 737- 800. Ravindran said that RAK Airways, which started flying in November 2007 with one leased aircraft, will have three leased aircraft by April 2008 and hope to expand the fleet to eight aircraft by April 2009.

On the expansion plans of the airline, he said that RAK Airways hopes to fly to 2-3 destinations in India by March this year along with destinations in Nepal, Chittagong in Bangladesh and Beirut. The airline currently offers services to Dhaka and Colombo.

"We will be looking to new markets in East Africa, Far East and Europe after we consolidate our regional and South Asian markets," he added.

He said that the airline would have a capacity to fly 1.4 million passengers by April 2009 and hopes to carry at least one million passengers, at 70 per cent capacity.

The airline will adopt a strategy of attracting passengers from other countries to Ras Al Khai mah and then flying them to other destinations, he added.


Source : PTI

 Post Your Feedback   
Name
Email ID
Comments
 Other Features
News today
Press Releases
Stock Research
Market Tools
Print this page
Mail this page
Archives

  
More Finance News
BSE to alter its transaction fee
Intel pays $1.25 bn to settle a...
Firefox celebrates five years
Google to buy AdMob for $750 mn
New norms of SEBI
Worst is over- Mahindra Satyam
Wanna know corporate secrets?
A doller story through doller's...
Indian trader bamboozles Aussie...
Indian economy will expand by March...
Now, what happned Sirjee?
India to wind-down fiscal stimulus:...
US,China joining hands: beware...
Nano used-car premiums fizzling out
RBI buys 200 metric tonnes gold...
Park to replace Hyundai chief
Wills Lifestyle to tweak...
US stock sin by almost 3pct.
Oil prices sink
Kingfisher Airlines posts loss of...
Wipro net profit up 19 percent in...

    WORTH A CLICK
  Sarees
Baby Clothes
Jewellery
Bluetooth Headsets
Health & Fitness