Mumbai: While existing domestic airlines continue to bleed and are remain mired in debt, aviation professionals and investors are taking fresh bets in the sector by launching new airlines on regional and pan-India routes.
The first to take off will be Air Pegasus which is promoted by Banaglore-based ground handling firm Deccor Aviation. Air Pegasus managing director Shyson Thomas claims the airline will commence service from later this month on regional routes within South India. Other industry sources feel the airline may only start next month and the company is yet to receive a permit from the Directorate General of Civil Aviation.
Air Pegasus received a no objection certificate from the civil aviation ministry in 2012 but its plans got stuck due to difficulties in securing an aircraft on lease following shut down of Kingfisher Airlines. The airline has now taken on lease 70-seater ATR-72 and has tied up for two similar type aircraft. The airline will connect Bangalore with Thiruvanthapuram, Hubli, Chennai, Tuticorn and other cities in its initial phase.
Other start ups too are preparing for the launch. Air One, which runs air charter service, plans to finalise its aircraft leases by next month while Flyeasy has begun hiring pilots, engineers for its proposed fleet of Embraer jets. Flyeasy will be a regional airline with a base in Bangalore. Another start up airline Premier Airways headed by NRI engineer Umapathy Pinaghapani is slated to launch in next summer, according to a media report.
04/12/14 Aneesh Phadnis/Business Standard
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The first to take off will be Air Pegasus which is promoted by Banaglore-based ground handling firm Deccor Aviation. Air Pegasus managing director Shyson Thomas claims the airline will commence service from later this month on regional routes within South India. Other industry sources feel the airline may only start next month and the company is yet to receive a permit from the Directorate General of Civil Aviation.
Air Pegasus received a no objection certificate from the civil aviation ministry in 2012 but its plans got stuck due to difficulties in securing an aircraft on lease following shut down of Kingfisher Airlines. The airline has now taken on lease 70-seater ATR-72 and has tied up for two similar type aircraft. The airline will connect Bangalore with Thiruvanthapuram, Hubli, Chennai, Tuticorn and other cities in its initial phase.
Other start ups too are preparing for the launch. Air One, which runs air charter service, plans to finalise its aircraft leases by next month while Flyeasy has begun hiring pilots, engineers for its proposed fleet of Embraer jets. Flyeasy will be a regional airline with a base in Bangalore. Another start up airline Premier Airways headed by NRI engineer Umapathy Pinaghapani is slated to launch in next summer, according to a media report.
04/12/14 Aneesh Phadnis/Business Standard
