Actually the stunning thing about Magic Carpet, is that he is doing this out of Muscat. I once tried this strategy on a smaller scale from Linate (using Venice, Nice,Geneva,Rome as hubs) and did quite well until fuel prices shot up in 1999. Flying empty planes (and gas guzzling MD83s at that) made this strategy unviable. Muscat is actually a much better place, 24 hours and lots of slots. From there you can have hubs at Dubai,Doha,Riyadh,Jeddah,and Kuwait.