23.08.2010 - RAK Airways to re-launch this year
From Emirates247.com: RAK Airways - a private joint stock company incorporated in the RAK Investment Authority Free Zone with an authorized capital of Dh1.5 billion - has already invested more than $27.23m in infrastructure development, according to Oxford Business Group. To complement the airway’s revival, substantial construction work is also running ahead for the RAK International Airport, which is angling to corner more of the passenger and cargo business within the UAE...........................................Full Article: Source
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