Move on....
Good on you guys for still seriously discussing this lot as if they're a proper airline. It's actually the fourth CEO at the helm (MH, JR, KT before Capt. Khaled, who is referred to as COO in fact not CEO). The B757 was leased out, presumably on the basis you can't run an airline with one aircraft. It's being flown round Turkey based in Northern Cyprus. Flown as often as possible that is, given most of the crew are still not fully qualified. Bit of a difference from creating 'fourth national carrier of the UAE'. The rumours of 747s are because a proper airline operator has proposed to fly its 747s through RAK in a joint venture. Anyway, my previous advice still holds, don't hold your breath waiting for this lot to get off the ground as a scheduled operator. I agree with the previous commentator, go back to making sanitaryware as you sure as s*&t can't run an airline......
Shinjuku Hustler - I hear you were spied back in RAK recently - hope all is well in the Kingdom.