Ras Al Khaimah Airways confirmed the following strategic developments
Launch: Feb-07;
Network: Destinations in India, followed Pakistan, Bangladesh, Iran and the Gulf Cooperation Countries;
Fleet: Signed an agreement with Boeing to lease two B757s and one B737 and is in negotiations with Airbus regarding two additional aircraft. Plans to operate seven aircraft within five years;
Capital: AED800 million, including paid up capital of AED650 million.