Firnas Airways seeking Gulf capital

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By TESTCustomwebLP TESTCustomwebLP October 6, 2015 21:21

Firnas Airways seeking Gulf capital

UK carrier Firnas Airways is hoping to raise $50 million from investors in the Gulf to fund its expansion.

Founder and CEO, Kazi Shafiqur Rahman, plans to establish routes between the UK and Bangladesh, Pakistan, Iran and Saudi Arabia that are currently un-served or underserved but offer huge commercial potential.

Rahman is hoping to secure Shariah-compliant capital for his venture, which to date he has self-funded. The $50 million cash boost will support operations for the first three years from launch including the cost of leasing three Boeing 767-300ER aircraft.

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By TESTCustomwebLP TESTCustomwebLP October 6, 2015 21:21