Northern Ireland entrepreneur David Keys, whose interests include the commercialpropertyni.com website, confirmed that he is the driving force behind plans for Ulster's own low cost airline.
The entrepreneur said there would be "no further disclosures" at present as it is "a critical stage for the project".Last month The Belfast Telegraph exclusively revealed a group of Ulster entrepreneurs was hatching plans for the Northern Ireland-based airline and had secured financial backing for the project.
It remains unclear which Belfast airport will be used by the new airline but Belfast International Airport is likely to be the front runner, having embraced other low cost airlines. It is believed that the new venture will be launched before the end of this year, with schedules commencing next summer.