RAK Airways' resumption under cloud
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 25 February 2009
RAK Airways' plans to resume operations in April could suffer a setback due to the deteriorating global financial situation, according to its Chairman Sheikh Omar bin Saqr Al Qasimi.
"We are reviewing the situation as the global economic crisis has affected the whole aviation industry. In such a scenario, our plan to restart operations could definitely get delayed beyond April," Sheikh Omar told Emirates Business newspaper.
The Ras Al Khaimah carrier started operations at the end of 2007 and carried about 125,000 passengers last year.
It suspended services in December and also cut 60 jobs. Asked if the airline was looking to lay off more employees, Sheikh Omar said: "We are restructuring the company."
"We are also currently studying the options to re-operate some of our earlier routes. However, I cannot comment at this point on the number of routes and aircraft we would be operating," he added.
The airline, meanwhile, has been operating on a charter-only basis, using its only remaining aircraft, a Boeing 757-200.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TRANSPORTATION
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TRANSPORTATION
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Dubai's Pharos launches $350m agricultural fund
- Energy: ENOC will not increase Dragon Oil bid
- Healthcare: 'Worrying' diabetes tests raise doubt on UAE's health
- Politics & Economics: Doubts over pace of Mideast private equity recovery
- Banking & Finance: UAE withdrew from monetary union for 'fundamental reasons'
SHARE PRICE CHECK
RELATED STORIES
RAK Airways
- UAE-Turkmenistan sign open skies deal
21 Jun '09 | News - RAK Airways 'in no way closing' - new CEO
31 May '09 | News - Troubled airline 'no longer in service' - report
31 May '09 | News




