Hans Airways restructures, secures new investment

posted on 15th November 2022 by Eddie Saunders
Hans Airways restructures, secures new investment

Hans Airways today announces the successful completion of 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 requirements for an Air Operator’s Certificate.

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,” commented Hans Airways Chair Dr Barry Humphreys.

“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.”

“I am entrusting Nathan and his fine team to deliver my vision for Hans Airways.

“It has been a long journey and I look forward to continue supporting as Board director,” said Satnam Saini.

Ali Legal Ltd, a London City based corporate law firm acted for the investors. Their team was led by Managing Partner and Corporate Lawyer Akbar Ali.