@Mach E Avelli
Thanks for the reply. I'm sure they will hire a consultant as soon as the project appears viable to them. As of now, I'm the only one who had a background from aviation (not technical though) so I'm just feeding them with the info they can use for the study.
I'm sure they already have an idea about the cost as they used to have an Air Operator Certificate back in the 80s. My guess is they want to test the waters again. Aside from the costs involved, the incubation for an airline here is about 2 years.
I'm keeping your handle in case this pushes through. Thanks for the time.