what I read in the local papers here is that, after the initial launch of flights between Syria and Lebanon, this this 'air taxi' link also plans to connect the two countries with cities in: Tukey, Jordan, Egypt and Iraq.
The British consulting company also predicted that in the first year, the air taxi would carry 170,ooo pax, increasing to 500,000 pax by it's fifth year (part of their feasability study figures).
The newspaper then states that the purpose of the two companies for establishing this air taxi (with the participation of the private sector) is to utilize BEY's open sky policies to it's full potential (by using BEY's air connection with Europe) and to also help invigorate both pax and cargo movement between the two countries by establishing such a regular non-stop flights between the two countries. They also plan to use an airport called 'elMazzah' (??) which is close to the city of Damascus, which is planned to open in March 2005.
The report then states that the feasability study forecasts profit to be realized from its second year of opeartions - reaching a potential profit of between 4-6 million USD.
Says the it'll be 50/50 shares by the two countries (and each country can determine how much of their 50 percent share will be given over to the private sector to own). Subscriptions to the shares of this new airline will be announced shortly.
Just included the info from the article that wasn't included in the posts above. The rest of the article pretty much covered what BA
already posted above.
Good luck to this new airline.
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