The airline said fulfilling the "rightly stringent" financial regulations required by the CAA to commence scheduled operations continues to "hinder" its entry into the market.
"This is despite satisfying all technical (AOC) aspects of long-haul airline operations and maintaining a solvent start-up business since our inception in 2019," the company said in a statement.
In light of the situation, Hans is now pursuing a number of options, including relinquishing its first aircraft and stepping up dialogue with prospective new investors and lessors.
