Flycana, a Dominican start-up based in Santo Domingo Las Americas International Airport, has announced it plans to finalise its capitalisation and recertification processes by year-end, targeting an operational start in early 2020 with a jet fleet of 32 aircraft by 2025, the company said.
The airline said it will place Flycana shares worth USD 80 million with both international and Dominican private and institutional investors.
The founder of Flycana is bringing his charter airline Dominican Wings into the new company, enabling the recertification process to become a scheduled carrier to be expedited.
Flycana´s core network will serve destinations in North, Central and South America, and the company said it hopes to be able to launch flights in the first quarter of 2020 with an initial fleet of three aircraft. The company said it plans to receive five additional aircraft by the end of that year.