Latest domestic airline taxiing towards take off after securing backing

Currently the firm is conducting final talks with regard to closing the financing of the project. "We are negotiating with a few investors, who include both individuals and investment funds. We have to decide on the priorities - either profitability of the venture or rather market presence," said Stanisław Popów, president of Finacorp, financial advisor to the project. It is already known that the venture will have an initial budget of EUR 3-5 million in cash and guarantees. "Over the next two years we will employ 100 people," announced Tadeusz Beliwar, president of Adviser TSC. Initially the airline will operate 20-seat passenger planes and the plans also envisage some flights to Germany. (Puls Biznesu, p. 12) M.M.