Another private airline is established by a Syrian businessman and expariate, Mazen Al- Tarazi. On December 28, the Website mentioned that the company’s headquarters will be in the city of Saidnaya, in eastern Kalamoon and that 85% of the shares would go to al – Tarazi and the remaining 15% would be distributed to his sons, Khalid and Ali.
The company’s nominal capital is 70 million Syrian pounds. It offers the services of air transportation for passengers and commodities from and to Syria and, as well as the purchase, rental and aircrafts’ investments.
Al-Tarazi is one of the businessmen considered as close to the Syrian regime and has commercial ties and investments in Syria. In 2014, the businessman allocated a private jet at his own expense to transport Syrians from Kuwait to Syria, back and forth, to participate in the presidential election, which won by Assad amid international criticism and accusations. Being affiliated to Assad, the US Treasury Department put Mazen al-Tarazi on the sanctions list in 2015 and froze his assets in the USA.
This company is the third in Syria after “FlyDamas” and “Sham Wings,” that is owned by Shammout Group.