Indian businessman to launch an airline in the UAE
25 Aug 2007
Dubai: An Indian businessman is all set to launch an airline out of the UAE.
Kang Pacific Airlines, as the airline will be called, is the fifth to be based in the UAE.
Indian businessman Paul Kang earlier owned companies with businesses in aviation catering, and the supply of goods to duty free shops in the UK and Fujairah.
The airline plans to launch commercial service out of Fujairah in October, tapping growing demand for air services to certain specific destinations.
Kang is reportedly self-financing the airline launch, with $10 million in start-up capital. This will be used to on lease two DC-10s, a Boeing 747 and a Boeing 737 over the next six months.
Initially, services will commence to the Philippines, Bangladesh, India and Sri Lanka, and later will include flights to the UK. The airline's model will be that of a hybrid between a budget and a full service carrier.
The venture is a fructification of a two-year feasibility study conducted by a professor at Cranfield University, who is also a partner in the venture.
