Syria and Lebanon are to set up a joint airline for regional transport with an estimated capital base of $80 million, Syria's official press said last week.
The decision to launch the company called "Air Taxi" with a fleet of business jets was taken during talks between civil aviation officials from both states and Syrian Arab Airlines, the official news agency SANA reported.
The project will target business travellers and provide shuttle services between the major cities of the two Arab countries and flights to other nearby cities.
The list includes Istanbul, Athens, Amman, Jeddah in Saudi Arabia and Sharm el-Sheikh in Egypt, according to the government daily Tishrin.
The paper said that a study carried out by the Lebanese side estimated it would need a capital base of $80 dollars.
The Air Taxi company "will help to accelerate the economic growth of the two brother countries," said SANA, without specifying how many planes the airline would initially operate. – (AFP)
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)