Islamabad, Nov 26: Karachi Business Leaders Unveil Plans for New Airline, ‘Air Karachi. An application for an operating license has been submitted to the federal government, and the airline has been registered with the Securities and Exchange Commission of Pakistan (SECP).
In its initial phase, the airline will use three leased aircraft, according to businessman Hanif Gauhar. “We have submitted the application for the licence, and there are strong possibilities of securing approval in the coming days,” he stated.
The new chief executive officer of Air Karachi is Air Vice Marshal (retd) Imran. He added that Rs5 billion is being invested in the launch of the new airline. According to Gauhar, Aqeel Karim Dhedi, Arif Habib, SM Tanveer, Bashir Jan, Khalid Tawab, Zubair Tufail, and Hamza Tabani are among the prominent investors in Air Karachi. Each stakeholder has contributed Rs50 million to the business.
