Sunday, July 01, 2018

Hyderabad’s Wings Aviation plans to launch a national airline

Hyderabad: Hyderabad-based serial and first generation entrepreneur Y Prabhakar Reddy who tested ventures across verticals is seeing immense opportunities in the aviation space. Wings Aviation, a company founded by him, is looking at investing into the sector in the coming years with an eye to spread his operations, nationally, in multiple formats.

Wings Aviation is planning to invest Rs 150 crore for its expansion this year to procure five choppers and two aircraft for its charter business and recently launched air ambulance services- Air Aid. The company currently has a fleet size of 13-comprising aircraft and choppers. It wants to launch an airline next year that will provide regional connectivity, across the country.
India is seeing a boom in aviation, which is going to create a network of 450 airports. The country needs 20,000 pilots by 2020, and there are only 14,000-15,000 pilots. Retirement and attrition are creating a gap in resources needed for the sector. Wings aviation is trying to fill this gap.

Recalling his journey, Wings Aviation chairman and managing director Prabhakar Reddy, who came from an agricultural family, told Telangana Today, “From my childhood I wanted to make a difference to society. So in 1990s, I started law and degree colleges with an aim to impart quality education. With the rapport I had with late former Prime Minister Rajiv Gandhi who used to tell me that Hyderabad is the best place for pilot training, I wanted to enter into this space. Rajiv Gandhi wanted me to run an aviation academy here. But after his death in 1991, we couldn’t pursue that idea further. I then went to the US and established few IT companies there. But I was not satisfied. I pursued my pilot training in Florida. Then I decided to come back to India to bring quality pilot training into the country.”
01/07/18 YV Phani Raj/Telangana Today

0 Comments: