2014 Expected New Routes
Shareholding Strategy :
In 2008, Felix Airways was established to support the rapid growth of Yemen's economy and the development of the transportation infrastructure. For this, Yemen Airways and the Islamic Corporation for the Development of the Private Sector ICD in Jeddah, have decided to launch "Felix Airways", allowing the company to become the first privately owned domestic/regional low-fare airline in Yemen with 25% ownership by Yemenia Airways (where Yemenia Airways is 51% owned by Yemen government and 49% is owned by Saudi government) and the other ownership is 45% held by the ICD, Al Tayyar Travel Group (ATG) Acquire is 20% and 10% by AlSairfay Group, which means Saudi investors and governments owns 87.25% of total capital.
Felix Airways aims to serve the transport need of the citizens of Yemen, along with visitors to the regions of Yemen and the surrounding countries.
The Islamic Corporation for the development of the Private Sector (ICD) is a multilateral organization, affiliated with the Islamic Development bank (IDB) Group. Its shareholders are the IDB, 45 Islamic member countries, and 5 public financial institutions from member countries. The mandate of ICD is to support economic development of its member countries through the provision of finance to private sector projects in accordance with principles of the Shari'a through promoting private sector development.
ICD also provides advice to governments and private organizations encourage the establishment, expansion and modernization of private enterprises.