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RAK Airways to launch new Congo airline


Ras Al Khaimah Government's investment arm, Ras Al Khaimah Investment Authority (Rakia), has invested approximately USD160 million to launch a new national airline in the Democratic Republic of Congo. Rakia will hold a 60% stake in the JV with the Congolese state, with RAK Airways to manage the investment on behalf of Rakia. [500 words]

Unlock the following content in this report:


  • Management successions continue
  • Discontinues Colombo service

Graphs and data:

  • RAK Airways capacity breakdown by market (seats per week as % of total): Week commencing 24-Nov-08
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