$500 Million Fund Launched

UAE Cargo carrier Midex Airlines has launched a $500 million fund which it plans to invest in the aviation industry in the UAE over the next five years.  “Our target is other companies who would also like to launch in the aviation industry in the Emirates,” said company President Issam Khairallah.  “We are today the largest privately-owned cargo operator in the Middle East and Europe and many people are coming to us to either to purchase or lease aircraft for them.”