Thursday, April 27, 2006

Low-cost fly: 2 more airlines queue up

New Delhi: NRIs from the US and Dubai are cruising into India with plans to float two new low-cost airline ventures - Easy Air and Star Air - in a bid to ride the ongoing boom in domestic air travel. The airlines, government sources said, have sought nod for their take-off by year-end. These two airlines will join four other start-ups - IndiGo, Indus, AirOne and MagicAir - which are preparing to fly this year.
While Easy Air - based in Chennai - plans to start a pan-Indian service using either an Airbus A320 or a Boeing 737 fleet, Star Air - promoted by Dubai's ETA group - plans to start operations as a feeder service.
"It will be a $60-million project, of which $20 million will be pumped in by the promoters,"said Umapathy Pinghapani, the US-based co-founder of Premier Airways Ltd, which owns the Easy Air brand. "It will be genuine low-cost carrier, providing a cheap air travel option in the domestic market. It is modelled on the lines of SouthWest Airways,"Pinghapani added.
27/04/06 Byas Anand/Times of India