Mysuru: Mysuru airport has already had its tryst with viability gap funding which initially worked well but subsequently died out. The State government promised to extend viability gap funding to Air India’s subsidiary Alliance Air.
It was announced that viability gap funding would be at the rate of Rs. 9.5 lakh per month for one year consequent to which the flights operated regularly for one month.
But soon after, the airlines announced its decision to suspend operations.
It transpired that though the State had initially offered to extend viability gap funding for one year, the facility was withdrawn after one month.
Not withstanding the financial viability or lack of it, Mysuru airport has another lacuna which cannot be easily addressed.
29/06/16 The Hindu
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It was announced that viability gap funding would be at the rate of Rs. 9.5 lakh per month for one year consequent to which the flights operated regularly for one month.
But soon after, the airlines announced its decision to suspend operations.
It transpired that though the State had initially offered to extend viability gap funding for one year, the facility was withdrawn after one month.
Not withstanding the financial viability or lack of it, Mysuru airport has another lacuna which cannot be easily addressed.
29/06/16 The Hindu
