In an interview with The Economic Times, Thomas said he still expects the carrier, which is owned by Bangalore-based ground-handling services firm Decor Aviation, to resume operations in the coming weeks.
Talks with lessors Elix Aviation Capital and Nordic Aviation Capital have been on-going since the pair attempted to de-register their respective ATR72-500s after Air Pegasus failed to settle its leasing dues last month.
Grounded and unable to operate, Air Pegasus management have submitted a proposal to the two firms wherein they have pledged to pay off its dues with a 50% down payment with the remaining 50% to be paid off in monthly installments. The plan is currently under consideration.
Given its inactivity, the Indian Directorate General of Civil Aviation (DGCA) has set a September 1 deadline for Air Pegasus to resume commercial operations following which it risks regulatory sanctions.