1. Air Pegasus to acquire 3 more aircraft by year-end

Air Pegasus to acquire 3 more aircraft by year-end

Air Pegasus, the new start-up airline focused on southern Indian routes, will lease out three more aircraft by end of this year...

By: | Chennai | Published: August 20, 2015 6:55 PM

Air Pegasus, the new start-up airline focused on southern Indian routes, will lease out three more aircraft by end of this year, taking its total number of aircraft to five. The airline, as part of its expansion plan on Thursday launched its flight from Chennai to Bangaluru.

Shyson Thomas, managing director, Air Pegasus, told media persons here on Thursday that the company will be leasing out three more aircraft from Vietnam Airlines, and of the three one will be added to the existing fleet by October while the remaining two would be added by December. The aircraft will be of ATR 72 models which give high fuel efficiency with low maintenance requirement, he said.

“Following the good response by the passengers and the overwhelming patronage by Air Pegasus in the first four months since inception, we have decided to expand our services to rise to the expectations of the new age customer,” he said.

He said that connecting to the port city of Chennai will be extremely vital considering the rise in industrial and food processing activity in that region. The flight will leave Bengaluru at 10:25AM and reach Chennai at 11:25 AM and the return flight will depart from Chennai at 11:50 AM and reach Bengaluru at 12:50PM.

Chennai will be the new destination to be connected from Bengaluru in addition to the existing Hubli, Thiruvananthapuram, Madurai, Mangalore and Kadapa launched since April this year. There will be certain seats reserved at an introductory price of Rs 1,234 as has been the practice with every new launch at Air Pegasus, he said.

Based out of the Kempegowda International Airport in Bengaluru, Air Pegasus will subsequently scale up its services and has plans to connect Tuticorin, Belgaum, Rajahmundry and Pondicherry on its radar.

Air Pegasus, promoted by Decor Aviation, is part of the Decor Group of Companies, that currently provides ground handling services to Indian and foreign carriers across 11 airports in India. Decor Aviation is one of the leading ground handling agency in the country and is part of the Decor group of firms. The company, with main hub in Bengaluru has an asset base of over Rs 50 crore.

” With more than one and half decade of ground handling expertise, starting a an airline came naturally to us. We have invested close to Rs 100 crore in the venture. We are looking to break- even in 15 months time,” he said.

Thomas said that for the time being, the airline’s focus will continue to be in the southern cities. ” May be in 2016, we will take a call to expand to eastern cities of the country. For now, we will look at launching flights in the tier II and tier III cities of south,” he said.

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