UK's Firnas Airways to serve regional UK, Euro market

Firnas Airways 

has revised its launch plans with it to now commence operations during the second half of the year as a short-haul operator serving UK domestic and European routes. An RFP was issued earlier this year for the dry-lease of two twin turboprop aircraft with preference given to Saab 340As and Do328-100s.

A revised investor's prospectus indicates Firnas Airways will focus on routes that are currently unserved or underserved by existing UK and European regional carriers.

"This is mainly to ensure we are not in the way of other major operators such as Ryanair (FR, Dublin Int'l) or easyJet (U2, London Luton) and also to ensure we maximise our commercial potentials with routes that have track record of performing with very high load factors (seat occupancy) and maximum yields (profit)," the start-up said in a statement.
Once operations have settled, the carrier intends to branch into the medium-haul market some 18-24 months after launching. There, it will focus on serving unspecified routes in Africa, Eurasia, and the Middle East.
"Taking this route will, we believe, set us on an intractable path to become a long-haul carrier that will very quickly establish itself as the third largest in the UK. Once we are at this stage we hope to serve routes in South Asia, the Middle East, and South East Asia, North America, Canada and many more."

In terms of funding, Firnas Airways will shortly launch a crowdfunding initiative aimed at raising USD1,290,506. Talks have, thus far, also taken place with HNA Group over a potential capital investment, it said.
ch aviation

Europe's first Sharia-compliant carrier Firnas seeks funding

Aiming to become the United Kingdom and Europe's first Sharia-compliant carrier, Firnas Airways has launched a USD50 million capital-raising drive in the Gulf.

Airline founder and CEO Kazi Shafiqur Rahman said in a statement that the funds would be used to sustain the start-up during its first three years of operations as well as to cover leases for a trio of B767-300(ER)s it plans to source.

In addition to Sharia-compliant financing, the airline also plans to offer an halaal on-board experience including halaal cuisine, kiblats and alcohol-free refreshment offering.

Firnas Airways will target the British Muslim demographic travelling to the Middle East and Asia. As such, it plans to operate unserved or underserved routes between the UK and Bangladesh, Pakistan, Iran, and Saudi Arabia, and is also in talks with London’s five major airports with a view to establishing the airline’s UK hub.

ch-aviation

Firnas Airways Plans to Pioneer New Era in Economy

A new UK long-haul carrier plans to launch operations late next year and bring a welcome upgrade for Economy passengers with a new business concept. The carrier, Firnas Airways, intends to offer a one-class operation on routes from the UK to Bangladesh, Pakistan and Saudi Arabia serving the strong ethnic travel flows with an enhanced premium economy offering.

Firnas Airways Plans to Pioneer New Era in Economy

 

A new UK long-haul carrier plans to launch operations late next year and bring a welcome upgrade for Economy passengers with a new business concept.  The carrier, Firnas Airways, intends to offer a one-class operation on routes from the UK to Bangladesh, Pakistan and Saudi Arabia serving the strong ethnic travel flows with an enhanced premium economy offering.

Taking its name from Abbas Ibn Firnas, a Muslim inventor from Spain who successfully attempted the first human flight in 875AD by constructing artificial wings and covered them and himself with feathers, the airline’s founder, Kazi Shafiqur Rahman, told Routesonline in an exclusive interview this week that the start-up plans a similar innovate and pioneering approach to flying.

The entrepreneur and co-founder of Sunnamusk, a fast growing Arabian fine fragrance UK store with a presence around London and a growing international customer base.  Having started the business with just £600 it has grown to a network of four stores, a figure that is expected to double very soon. 

The Bangladesh-born businessman acknowledges that ever since he was a young boy, he dreamed of running an airline that will actually put customers first by providing a world class service for all, and creating an airline that is not just profit driven.  His fascination, inspiration, dream, vision and determination for developing a world class airline has lead him to commit to seeing this second business venture all the way through – no matter what gets in the way

“Where there is a will there is a way. My team and I will make it happen no matter what gets in the way. My dreams are far bigger and my goals are aligned with serving people and giving them more than money can ever buy,” he said.

The team behind Firnas understand that the commercial aviation sector is highly competitive and despite their differing product offer, they have no plans to compete head-to-head with established airlines.  The airline is looking to serve markets that were previously flown by the likes of British Airways and Virgin Atlantic but are no longer part of their plans.

“Markets such as Bangladesh and Pakistan are of interest to us,” said Abdul Roqueb, head of planning, Firnas Airways.  “The recent entry of Qatar Airways into the oneworld grouping means British Airways will be able to effectively connect the UK market with such countries via Doha and would open the door for us to fly a non-stop offering from the UK.”

Firnas has tentatively selected Rahman’s home city of Sylhet as its launch market.  The destination is the third largest city in Bangladesh and its Osmani International Airport, where Rahman enjoyed watching aircraft arrive as a child, is currently only served from Europe by Biman Bangladesh Airlines, a carrier he suggests is not best known for its reliability and efficiency.

The demand for ethnic traffic into such markets as Bangladesh, India and Pakistan is huge.  Many carriers, brokers and ethnic tour operators have attempted to establish operations from the UK to these countries but have only lasted for short periods.

The airline has selected the Boeing 767-300ER as its baseline equipment.  “The type is widely available and realistic lease rates for a start-up airline,” said Roqueb.  “It is not overly large for the markets we will serve, suits our missions and offers the best seat per mile cost.”

“We considered the Airbus A330-200 but it overweight, while the A330-300 does not have the range.  We would obviously love to fly with the A350XWB or the 787, but the cost of purchase is not really an option for a new airline,” he added.

No decision has yet been made on the airline’s base, although this is likely to be at one of the London airports - albeit not Heathrow - with other UK points served through ‘W-patterns’. It hopes to launch operations from late 2016, although this could realistically slip into 2017.

The carrier is currently finalising its business plan and speaking to lessors, airports, seat manufacturers etc ahead of a hard launch later this year. It intends to secure its own Air Operator’s Certificate (AOC) from the UK Civil Aviation Authority (CAA) and is working with “committed investors” to turn what is an innovative project into a reality.

Routes Online