Airline's CEO and president Murabit Al Sawaf also plans to expand fleet by end-2013
RAK Airways has announced plans to acquire new aircraft to support its strategy of flying to 40 destinations by 2015.
Murabit Al Sawaf, president and CEO of RAK Airways said five new destinations will be announced shortly without giving more details.
Al Sawaf said that while expansion of destinations is a key commercial focus of the airline, there is also a strategic focus on increasing the airline's fleet.
"Accordingly new aircraft will join the fleet before the end of this year," he said, adding that the airline is now operating its services by using two leased aircraft.
Al Sawaf added that RAK Airways transported 300,000 passengers in 2012, with a 40 percent increase in the number of passengers carried by the airline in the first half of 2013 compared to the same period last year.
In the first half of 2013, the airline increased its frequency to Dhaka, Peshawar and Lahore, from two weekly flights to three, in order to meet with growing demand to these destinations.
Al Sawaf said weekly services to Jeddah will also rise to 10 from seven.
"RAK Airways has an ambitious growth plan and the strategy is being studied to roll out the plan effectively, in a short span of time," he said.
"We are working on diversifying travel options to Ras Al Khaimah, whether it is for business or tourism purposes," he added.
Ras Al Khaimah, an emirate of the United Arab Emirates has plans to offer 10,000 new hotel rooms by the year 2016.
RAK Airways was founded in 2006 and launched operations in early 2007. The airline re-launched in 2010 with a new livery and under new management.