GM Siddeshwara, minister of state for civil aviation told the Parliament
that the government has cleared two regional airlines, Air Carnival and
Zav Airways, which are expected to launch their services once all other
formalities have been completed.
Air Carnival and Zav Airways were given approval on 24th and 30th June, respectively. It appears that Zav Airways plans to enter the Eastern and North Eastern regions to cater to their needs, while Air Carnival will be based in the south. More details are expected to be announced in due course.
In a recent press conference by Air Asia's top executives, Mittu Chandilya, chief executive, confirmed that, already the Bangalore-Goa sector has turned profitable. They anticipate Air Asia to break even by December this year but this can only be delayed if there are delivery bottlenecks for the aircrafts ordered. Meantime, plans are afoot to launch the next sector, Bangalore-Chennai soon, followed by Bangalore-Cochin on 20th July. They have indicated that they may have to have more than one hub though they are happy starting with Bangalore.
Read news in full 09/06/14 Money Life
Air Carnival and Zav Airways were given approval on 24th and 30th June, respectively. It appears that Zav Airways plans to enter the Eastern and North Eastern regions to cater to their needs, while Air Carnival will be based in the south. More details are expected to be announced in due course.
In a recent press conference by Air Asia's top executives, Mittu Chandilya, chief executive, confirmed that, already the Bangalore-Goa sector has turned profitable. They anticipate Air Asia to break even by December this year but this can only be delayed if there are delivery bottlenecks for the aircrafts ordered. Meantime, plans are afoot to launch the next sector, Bangalore-Chennai soon, followed by Bangalore-Cochin on 20th July. They have indicated that they may have to have more than one hub though they are happy starting with Bangalore.
Read news in full 09/06/14 Money Life
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