Air Kerala will Start with Flights to Middle East: Chandy

Kochi: Air Kerala, the state government's proposed airline, would start operations with five leased aircraft flying to the Middle East, Chief Minister Oommen Chandy said here Friday.
"The Middle East is the place where we have our people in large numbers and the need of the hour is to come to their help by operating flights with budget fares to suit the common man. Hence, we will start operations to the Middle East countries with five leased aircrafts," Chandy told reporters at the Emerging Kerala investor meet.
"We see an initial investment of Rs.200 crore, of which 26 percent would come from the state government and the rest through issue of shares priced at Rs.10,000 per share, open to the general public and also to other institutions."
Addressing reporters after the first meeting of the reconstituted board of directors, he said the idea was first mooted by his government in 2005. The Left government that followed did not take this up when it assumed office in 2006.
14/09/12 Daijiworld.com

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Categories: Foreign Sep 2012, Indian Aviation- In General Sep 2012, New Sep 2012