Air Sylhet - New Long Haul, Low-Cost Uk Airline To Target The Indian Sub-Continent

A new long haul, low-cost Uk airline, seeking to capitalize on the presence of a strong migrant habitancy residing in the Uk that likes to voyage to the Indian sub-continent in order to maintain family and country ties, is likely to begin operations in summer 2007. The start-up, Air Sylhet, will initially fly direct to Asian and Middle Eastern destinations, and strengthen operations in subsequent stages.

With a habitancy of 2.3 million habitancy from the Indian subcontinent living in the Uk, the idea may appear to have something to recommend it. Most habitancy flying to the Indian subcontinent often complain about the aid provided by the National Airlines. The complaints have gone largely ignored... This may start to change as the competition opens up.

News From Bangladesh

Air Sylhet, a London-based firm created by four British businessmen, will initially focus on providing scheduled services from London-Stansted, Birmingham and Manchester to Dhaka, Jeddah, Dubai, Islamabad and Delhi. Other planned destinations in Asia and the Us will consist of Mumbai, Amritsar, Karachi, Riyadh, Abu Dhabi and New York, as it expands operations with a fleet of ten aircraft by the end of the second year.

Air Sylhet intends to raise first finance straight through a group contribution of shares which will cover start-up and operating expenses, including aircraft lease, crewing, administration, landing and route fees, regulatory costs, maintenance and fuel. According to plan, the firm will list on Aim in 2008.

Ten million shares are being offered to secret investors at £1 each.

There has been a lot of interest in the shares among the Uk Asian community.

Air Sylhet - New Long Haul, Low-Cost Uk Airline To Target The Indian Sub-Continent

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