Cash-for-visa broker Kai Dai bids to raise €100m for new Slovenian airline

Businessman who has been beset by legal and regulatory issues is working on the early stages of an investment in a new national flag carrier

Kai Dai was one of the country’s biggest cash-for-visa brokers, having raised tens of millions through the state’s immigrant investor programme before the programme was shut down earlier this year

Kai Dai, one of Ireland’s largest cash-for-visa brokers, is looking to raise €100 million to launch a new national flag carrier airline for Slovenia, the Business Post can reveal.

Documents seen by this newspaper show that Kai, through his company Kylin Prime, is working on the early stages of a major airline investment with a firm called Knighthood Global, which is headed by former president and chief executive of Etihad Aviation Group.

The proposal document ...