Hans Airways restructures and secures new investment

Hans Airways has successful completed a new round of financing which will enable it to progress plans to commence scheduled air services between Birmingham and Amritsar in India – and satisfy existing financial obligations. 

Hans Airways has satisfied the Civil Aviation Authority's (CAA) requirements for an Air Operator's Certificate (AOC). The secured new investment will take the airline to the next stage toward satisfying the CAA of its financial viability and subsequent operating licence to provide revenue air services.

Aligned to the new investment is a management restructure. COO Nathan Burkitt takes on the role of CEO from Satnam Saini, who continues with the airline as a Board director. Dr Barry Humphreys assumes the role of interim Chairman, succeeding Ruchir Verma.

The airline's Board now comprises: Dr Barry Humphreys, Jane Middleton, Dr Peter Malanik, Kirpal Jass, Indervir Jass, Satnam Singh Saini, Nathan Burkitt and Sulagna Roy as Company Secretary.

“Establishing a new airline is never straight forward and there will inevitably be hurdles along the way.  Hans Airways is now well positioned to move forward.  With growing evidence of strong demand for additional air services between the UK and India, supplemented by charter opportunities, we have every expectation of being able to launch,” commented Hans Airways Chair Dr Barry Humphreys.