Sri Lanka plans to float a state-run no frills airline, the government said Friday, to fly to the Middle East and neighbouring Asian countries.
The budget carrier, Mihin Air, is expected to cost around 1.5 billion rupees with the government initial setting aside 500 million rupees as working capital, director of the government information department, Anusha Pelpita said.
The new state budget carrier comes as a surprise to the aviation market as the Civil Aviation Authority had shortlisted three carriers to operate no frills airlines.
The three – Holiday Air, Expo Aviation and Deccan Air, have already got provisional licenses to fly to India, subject to technical clearances from New Delhi.
Holiday Air has teamed up with Malaysia's Air Asia, while Deccan is a subsidiary of India's Deccan Air. Deccan's Sri Lankan unit currently operates helicopter services to locals.
22/12/06 Lanka Business Online, Sri Lanka
To Read the News in full at Source, Click the Headline
Saturday, December 23, 2006
Home »
» Sri Lankan government to float new budget airline
Sri Lankan government to float new budget airline
Saturday, December 23, 2006
Related Posts:
NBCC to develop Air India’s surplus land assets A number of properties belonging to debt-ridden Air India will soon be developed by National Buildings Construction Corporation (NBCC) in a bid to he… Read More
VIP pain for passengers Fliers had a harrowing time at Jayaprakash Narayan International Airport on Friday because of double "VIP movement".First, the workers' meet hosted b… Read More
Vistara to launch Hyderabad, Goa flights by March New Delhi: A fortnight after launching operations, full-service carrier Vistara, a joint venture between the Tatas and Singapore Airlines, has announ… Read More
Raju to take personal charge of NE airport development New Delhi: In line with the NDA government’s plan to increase the pace of infrastructure development in the north-eastern states, civil aviation mini… Read More
Aero India 2015: Flights at KIA to be Rescheduled Bengaluru: Flight operations at the Kempegowda International Airport (KIA) will be affected between February 10 and 22 owing to restrictions on air s… Read More
0 comments:
Post a Comment