RAK Airways confirmed plans to resume services from 10-Oct-2010 with the carrier to initially offer scheduled services to Jeddah and Calicut (Bloomberg/Arab News/Reuters, 26-Sep-2010). The airline is leasing two B737-400s but added that it would consider purchasing four B737-800 aircraft after a year of operations. RAK Airways launched operations early 2007, but suspended scheduled services in May-2009 due to the global financial crisis. RAK Airways plans to launch services to at least five destinations within a year, with destinations in the GCC, Levant, Indian Subcontinent and CIS under consideration. Fares will be priced from AED10 (USD2.70), although the carrier stated it is not an LCC. RAK Airways stated has no plans for an IPO, with no change in the company's ownership which predominantly consists of private shareholders. The carrier, which will be the UAE's fifth airline, stated it hopes to reach break even in the first year.RAK Airways: “Conditions have markedly improved lately to the point where international passenger demand has soared. The time is right for us to make a spectacular re-entry into the market,” Sheikh Omar Bin Saqr Al Qassimi, Chairman. Source: Bloomberg, 26-Sep-2010.
RAK Airways to resume operations from 10-Oct-2010
You may also be interested in the following articles...
Iran CAPA Aviation Summit – hope turns to frustration, but optimism remains as growth abounds
When CAPA – Centre for Aviation held its first conference in Iran at the end of Jan-2016 the atmosphere was primarily one of optimism. Immediately preceding the conference the expectation was that Iran and the West would move to rapidly reverse decades of estrangement. The first round of sanctions against Iran had come down – in line with the historic 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear agreement reached between Iran and the ‘5+1’ powers – and major airlines and aircraft manufacturers were coming to the table.
While it was acknowledged that progress on major deals was not going to happen overnight, the hope was that as layers of sanctions came down, Iran would be embraced by the rest of the world. In return, Iran was expected to open itself up progressively to foreign trade and investment, and to travel.
The road ahead was perceived to be one that was both a very different, and far easier, one than the one Iran had already travelled. Aviation in particular was a sector that was expected to shine and lead the way for a new era for the country.
British Airways-Qatar Airways form Europe's first Gulf airline JV, showing some oneworld flexibility
British Airways and Qatar Airways are to commence a revenue-sharing joint venture from 30-Oct-2016. Even before Qatar Airways took 20% of the equity of BA parent group IAG, the JV was expected – and perhaps due earlier. The agreement includes the UK, continental Europe, Asia, Middle East and Africa – essentially all regions but the Americas. Some specifics and regulatory matters are to be worked through, and Iberia is excluded but presumably will be added.
oneworld has always been a flexible congregation of bilateral relationships, but nowhere has this been better exemplified than with Qatar Airways' membership of oneworld and eg Qantas' deep partnership with Emirates. The BA-QR JV is the first between a European airline and a Gulf airline. Compared to AF-KLM and Lufthansa, BA/IAG have been more open towards Gulf airlines, a result of management but also pragmatism: BA's hub at London Heathrow is capacity constrained and BA typically carries a majority of O&D passengers.