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{{Short description|Defunct regional airline of India (2014–2016)}}
{{Distinguish|Pegasus Airlines}} {{Distinguish|Pegasus Airlines}}
{{update|date=November 2018}}
{{use dmy dates|date=October 2021}}
{{Infobox airline {{Infobox airline
| airline = Air Pegasus | airline = Air Pegasus
| logo = Air_Pegasus_Logo.png | logo = Air_Pegasus_Logo.png
| logo_size = 250 | logo_size = 200
| fleet_size = 3 {{small|(July 2016)}} | fleet_size = 3 {{small|(July 2016)}}
| destinations = 8 {{small|(May 2016)}} | destinations = 8 {{small|(May 2016)}}
| company_slogan = | company_slogan =
| IATA = OP<ref name="chavprofile">{{cite web | url=http://www.ch-aviation.com/portal/airline/PUS | title=Air Pegasus | work=ch-aviation | access-date=13 February 2017}}</ref>
| IATA = OP
| ICAO = PPL | ICAO = PPL<ref name="chavprofile" />
| callsign = PEGASUS<ref>{{cite web | url=https://www.faa.gov/documentLibrary/media/Order/7340.2G_Bsc_dtd_1-5-17.pdf | title=JO 7340.2G Contractions | work=] | date=5 January 2017 | access-date=13 February 2017 | page=3-1-13}}</ref>
| callsign = PEGASUS
| parent = Decor Aviation | parent = Decor Aviation
| founded = 2014 | founded = {{start date|2014|||df=yes}}
| commenced = 12 April 2015 | commenced = {{start date|2015|04|12|df=yes}}
| ceased = 27 July 2016 | ceased = {{end date|2016|07|27|df=yes}}
| headquarters = ], ], India | headquarters = ], ], ]
| key_people = Shyson Thomas (]) | key_people = Shyson Thomas (])
| hubs = ] {{small|(Bangalore)}} | hubs = ]
| secondary_hubs = | secondary_hubs =
| focus_cities = | focus_cities =
| frequent_flyer = | frequent_flyer =
| lounge = | lounge =
| alliance = | alliance =
| website = {{URL|http://www.airpegasus.in/}} | website = {{URL|www.airpegasus.in}}
}} }}


'''Air Pegasus''' was an ] ] headquartered in ] and based at ]. The airline was a subsidiary of Decor Aviation, an aircraft ground-handling services company. It commenced operations on 12 April 2015 with its inaugural flight between Bangalore and Hubli. The airline suspended operations on 27 July 2016, facing financial difficulties. At that time, Air Pegasus was serving eight airports across ] with a hub at ] in Bangalore, using a fleet of three ] aircraft. Their flying licence was suspended by DGCA on 22 November 2016. '''Air Pegasus''' was a short-lived ]n ] headquartered in ] and based at ]. The airline was a subsidiary of Decor Aviation, an aircraft ground-handling services company. It commenced operations on 12 April 2015 with its inaugural flight between Bangalore and Hubli. The airline suspended operations on 27 July 2016, facing financial difficulties. At that time, Air Pegasus was serving eight airports across ] with a hub at ] in Bangalore, using a fleet of three ] aircraft. Their flying licence was suspended by DGCA on 22 November 2016. ] Shyson Thomas stated in late 2017 that Air Pegasus would return to the skies in early 2018, as the company had formed a relationship with Dawn Aviation and was about to settle all of its debts. Several cases have been filed against Air Pegasus chairman Shyson Thomas, Shyna Thomas and son Ashwin Thomas who was managing director. Till date no debts have been cleared and Air Pegasus office has been vacated from its MG road address.
{{citation needed|date=June 2020}}

Air Pegasus has signed an agreement to sell up to 74% stake to ], which is yet to commence operations in India. With this sale, Air Pegasus hopes to resume operations from March 2017 with the focus on regional connectivity. <ref>{{cite news|url=http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/regional-carrier-flyeasy-buys-74-of-grounded-airline-air-pegasus/articleshow/56438181.cms|date=2017-01-11|accessdate=2017-01-22|title=Flyeasy signs agreement to buy majority stake in Air Pegasus}}</ref>


==History== ==History==
Air Pegasus took delivery of its first ] aircraft in September 2014.<ref name="CH1">{{cite news|url=http://www.ch-aviation.com/portal/news/31528-indias-air-pegasus-takes-delivery-of-first-aircraft-an-atr72 |title=India's Air Pegasus takes delivery of first aircraft, an ATR72|work=ch-aviation|date=29 September 2014|access-date=30 September 2014}}</ref> It received its Air Operators Permit (AOP) on 24 March 2015 and subsequently commenced operations from 12 April 2015 with its inaugural flight from ] to ].<ref name="mint">{{cite news|url=http://www.livemint.com/Companies/NTVzb4CfvqoIgHrHg4REBO/Air-Pegasus-starts-commercial-operations.html|title=Air Pegasus starts commercial operations|newspaper=]|date= 12 April 2015|access-date=14 April 2015}}</ref><ref>{{cite web|url=http://www.decoraviation.in/aboutus|title=About us|work=Decor Aviation|access-date=24 August 2014}}</ref><ref name="toi21jan2014">{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/Air-Pegasus-3rd-airline-to-take-off-from-Bangalore/articleshow/29125947.cms|title=Air Pegasus 3rd airline to take off from Bangalore|newspaper=]|date=21 January 2014|access-date=24 August 2014}}</ref> Air Pegasus took delivery of its first ] aircraft in September 2014.<ref name="CH1">{{cite news|url=http://www.ch-aviation.com/portal/news/31528-indias-air-pegasus-takes-delivery-of-first-aircraft-an-atr72 |title=India's Air Pegasus takes delivery of first aircraft, an ATR72|work=ch-aviation|date=29 September 2014|access-date=30 September 2014}}</ref> It received its Air Operators Permit (AOP) on 24 March 2015 and subsequently commenced operations from 12 April 2015 with its inaugural flight from ] to ].<ref name="mint">{{cite news|url=http://www.livemint.com/Companies/NTVzb4CfvqoIgHrHg4REBO/Air-Pegasus-starts-commercial-operations.html|title=Air Pegasus starts commercial operations|newspaper=]|date= 12 April 2015|access-date=14 April 2015}}</ref><ref>{{cite web|url=http://www.decoraviation.in/aboutus|title=About us|work=Decor Aviation|access-date=24 August 2014|archive-url=https://web.archive.org/web/20151112143604/http://www.decoraviation.in/aboutus|archive-date=12 November 2015|url-status=dead}}</ref><ref name="toi21jan2014">{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/Air-Pegasus-3rd-airline-to-take-off-from-Bangalore/articleshow/29125947.cms|title=Air Pegasus 3rd airline to take off from Bangalore|newspaper=]|date=21 January 2014|access-date=24 August 2014}}</ref>

The airline suspended operations on 27 July 2016, claiming the suspension was temporary and due to technical issues.<ref name="hbl27jul2016">{{cite news | url=http://www.thehindubusinessline.com/economy/logistics/air-pegasus-suspends-services-denies-shutting-down-operations/article8907636.ece | title=Air Pegasus suspends services, denies shutting down operations | work=] | date=27 July 2016 | access-date=3 August 2016 | author=Giriprakash, K}}</ref><ref>{{cite news | url=http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/regional-airline-air-pegasus-cancels-flights-indefinitely-cites-technical-glitch/articleshow/53412926.cms | title=Regional airline Air Pegasus cancels flights indefinitely, cites technical glitch | work=] | date=27 July 2016 | access-date=3 August 2016 | author=Chowdhury, Anirban | author2=Mishra, Mihir}}</ref> However, the problems were later revealed to be financial in nature. Aircraft lessors approached the ] (DGCA) to deregister their three aircraft leased to Air Pegasus after the airline defaulted on rental payment.<ref>{{cite news|url=http://www.business-standard.com/article/pti-stories/lessors-approach-dgca-to-get-3-air-pegasus-planes-deregistered-116072900652_1.html|title=Lessors approach DGCA to get 3 Air Pegasus planes deregistered|newspaper=]|date=29 July 2016|access-date=29 July 2016}}</ref> Air Pegasus agreed to pay back 50% of its dues to the lessors and said it would pay the remaining in instalments once flights resume.<ref>{{cite news | url=http://www.thehindubusinessline.com/economy/logistics/air-pegasus-in-talks-with-pe-fund-to-restart-operations/article9026873.ece | title=Air Pegasus in talks with PE fund to restart operations | work=] | date=24 August 2016 | access-date=26 August 2016}}</ref>


Air Pegasus' deal with the lessors collapsed,<ref name="chav24oct2016" /> and the DGCA deregistered the airline's entire fleet in October 2016.<ref name="hbl13oct2016">{{cite news | url=http://www.thehindubusinessline.com/economy/logistics/dgca-grounds-entire-air-pegasus-fleet-for-nonpayment-of-lease-money/article9216027.ece | title=DGCA grounds entire Air Pegasus fleet for non-payment of lease money | work=] | date=13 October 2016 | access-date=29 October 2016 | author1=Phadnis, Ashwini | author2=Giriprakash, K.}}</ref> At the end of the month, however, Air Pegasus managing director Shyson Thomas stated that he was working to obtain an ATR 72 and to resume flights by 15 November.<ref name="chav24oct2016">{{cite news | url=http://www.ch-aviation.com/portal/news/50281-indias-air-pegasus-aims-to-resume-ops-by-mid-4q16 | title=India's Air Pegasus aims to resume ops by mid-4Q16 | work=ch-aviation | date=24 October 2016 | access-date=29 October 2016}}</ref>
The airline suspended operations on 27 July 2016, claiming the suspension was temporary and due to technical issues.<ref name="hbl27jul2016">{{cite news | url=http://www.thehindubusinessline.com/economy/logistics/air-pegasus-suspends-services-denies-shutting-down-operations/article8907636.ece | title=Air Pegasus suspends services, denies shutting down operations | work=] | date=27 July 2016 | accessdate=3 August 2016 | author=Giriprakash, K}}</ref><ref>{{cite news | url=http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/regional-airline-air-pegasus-cancels-flights-indefinitely-cites-technical-glitch/articleshow/53412926.cms | title=Regional airline Air Pegasus cancels flights indefinitely, cites technical glitch | work=] | date=27 July 2016 | accessdate=3 August 2016 | author=Chowdhury, Anirban | author2=Mishra, Mihir}}</ref> However, the problems were later revealed to be financial in nature. Aircraft lessors approached the ] (DGCA) to deregister their three aircraft leased to Air Pegasus after the airline defaulted on rental payment.<ref>{{cite news|url=http://www.business-standard.com/article/pti-stories/lessors-approach-dgca-to-get-3-air-pegasus-planes-deregistered-116072900652_1.html|title=Lessors approach DGCA to get 3 Air Pegasus planes deregistered|newspaper=]|date=29 July 2016|access-date=29 July 2016}}</ref> Air Pegasus agreed to pay back 50% of its dues to the lessors and said it would pay the remaining in instalments once flights resume.<ref>{{cite news | url=http://www.thehindubusinessline.com/economy/logistics/air-pegasus-in-talks-with-pe-fund-to-restart-operations/article9026873.ece | title=Air Pegasus in talks with PE fund to restart operations | work=] | date=24 August 2016 | accessdate=26 August 2016}}</ref>


On 5 October 2016, DGCA issued a show cause notice to Air Pegasus, asking why its AOP should not be suspended for its failure to carry out operations. The regulator had given 15 days for the regional carrier to respond to its notice. As the carrier failed to give assurance on resumption of its operation, DGCA suspended their flying licence on 22 November 2016.<ref name="deccanherald1">{{cite news |url=http://www.deccanherald.com/content/582479/flying-licence-air-pegasus-suspended.html |title=Flying licence of Air Pegasus suspended |newspaper=Deccan Herald |access-date=2016-11-22}}</ref>
Air Pegasus' deal with the lessors collapsed,<ref name="chav24oct2016" /> and the DGCA deregistered the airline's entire fleet in October 2016.<ref name="hbl13oct2016">{{cite news | url=http://www.thehindubusinessline.com/economy/logistics/dgca-grounds-entire-air-pegasus-fleet-for-nonpayment-of-lease-money/article9216027.ece | title=DGCA grounds entire Air Pegasus fleet for non-payment of lease money | work=] | date=13 October 2016 | accessdate=29 October 2016 | author1=Phadnis, Ashwini | author2=Giriprakash, K.}}</ref> At the end of the month, however, Air Pegasus managing director Shyson Thomas stated that he was working to obtain an ATR 72 and to resume flights by 15 November.<ref name="chav24oct2016">{{cite news | url=http://www.ch-aviation.com/portal/news/50281-indias-air-pegasus-aims-to-resume-ops-by-mid-4q16 | title=India's Air Pegasus aims to resume ops by mid-4Q16 | work=] | date=24 October 2016 | accessdate=29 October 2016}}</ref>


In early 2017, Air Pegasus attempted to work with another airline that had not yet begun operations, ]; the latter company would buy a 74% stake in Air Pegasus. However, Air Pegasus did not receive the appropriate funds, and the deal collapsed.<ref name="ResumeDec17" /> Towards the end of the year, Thomas announced that Air Pegasus had entered into cooperation with Dawn Aviation, which would take a 60% stake in the airline. He also stated that the company's previous debts were close to being settled. Thomas expected to resume flights in the first quarter of 2018 using leased ATR 72-500s.<ref name="ResumeDec17" />
On 5 October 2016, DGCA issued a show cause notice to Air Pegasus, asking why its AOP should not be suspended for its failure to carry out operations. The regulator had given 15 days for the regional carrier to respond to its notice. As the carrier failed to give assurance on resumption of its operation, DGCA suspended their flying licence on 22 November 2016.<ref name="deccanherald1">{{cite web|author=New Delhi, Nov 22, 2016 (PTI) |url=http://www.deccanherald.com/content/582479/flying-licence-air-pegasus-suspended.html |title=Flying licence of Air Pegasus suspended |publisher=Deccanherald.com |date= |accessdate=2016-11-22}}</ref>


==Destinations== ==Destinations==
] ]


In May 2016, Air Pegasus was flying to the following destinations in India:<ref>{{cite news | url=http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/low-cost-airline-air-pegasus-to-scale-up-operation/articleshow/52327810.cms | title=Low cost airline Air Pegasus to scale up operation | work=] | date=18 May 2016 | accessdate=14 January 2017}}</ref> In May 2016, Air Pegasus was flying to the following destinations in India:<ref>{{cite news | url=http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/low-cost-airline-air-pegasus-to-scale-up-operation/articleshow/52327810.cms | title=Low cost airline Air Pegasus to scale up operation | work=] | date=18 May 2016 | access-date=14 January 2017}}</ref>


{|class="wikitable sortable" {|class="wikitable sortable"
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! Notes ! Notes
|- |-
|Karnataka||Bangalore||]||Hub<ref name="toi21jan2014" /> |Karnataka||Bangalore||]||{{airline hub}}<ref name="toi21jan2014" />
|- |-
|Karnataka||Hubli||]||align=center|{{mdash}} |Karnataka||Hubli||]||align=center|{{mdash}}
Line 67: Line 71:


==Fleet== ==Fleet==
Ch-aviation reported in December 2017 that Air Pegasus had come into an agreement with a leasing company for the lease of a single ]. The airline plans to obtain an additional two ATRs afterward in 2018 from ].<ref name="ResumeDec17">{{cite news|url=https://www.ch-aviation.com/portal/news/62008-indias-air-pegasus-secures-funding-to-resume-ops-in-1q18|title=India's Air Pegasus secures funding; to resume ops in 1Q18|website=ch-aviation|date=1 December 2017|access-date=3 December 2017}}</ref>
Air Pegasus was operating the following aircraft at the time it suspended operations:<ref name="CH1" /><ref name="hbl27jul2016" />


==See also==
<center>
*]
{| class="wikitable" style="text-align:center; margin:0.5em auto"
|+ Air Pegasus fleet
|-
! Aircraft
! In service
! Passengers<br>{{small|(Economy)}}
! Notes
|-
|]
|3
|66
|{{mdash}}
|-
!Total
!3
!colspan=2|
|}
</center>


== References == == References ==
{{reflist}} {{reflist|30em}}


== External links == == External links ==
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{{Portalbar|Aviation|Companies|India}} {{Portalbar|Aviation|Companies|India}}
{{airlines of India}} {{airlines of India}}
]

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Latest revision as of 00:38, 30 November 2024

Defunct regional airline of India (2014–2016) Not to be confused with Pegasus Airlines.
This article needs to be updated. Please help update this article to reflect recent events or newly available information. (November 2018)

Air Pegasus
IATA ICAO Call sign
OP PPL PEGASUS
Founded2014 (2014)
Commenced operations12 April 2015 (2015-04-12)
Ceased operations27 July 2016 (2016-07-27)
HubsKempegowda International Airport
Fleet size3 (July 2016)
Destinations8 (May 2016)
Parent companyDecor Aviation
HeadquartersBangalore, Karnataka, India
Key peopleShyson Thomas (MD)
Websitewww.airpegasus.in

Air Pegasus was a short-lived Indian regional airline headquartered in Bangalore and based at Kempegowda International Airport. The airline was a subsidiary of Decor Aviation, an aircraft ground-handling services company. It commenced operations on 12 April 2015 with its inaugural flight between Bangalore and Hubli. The airline suspended operations on 27 July 2016, facing financial difficulties. At that time, Air Pegasus was serving eight airports across South India with a hub at Kempegowda International Airport in Bangalore, using a fleet of three ATR 72-500 aircraft. Their flying licence was suspended by DGCA on 22 November 2016. Managing director Shyson Thomas stated in late 2017 that Air Pegasus would return to the skies in early 2018, as the company had formed a relationship with Dawn Aviation and was about to settle all of its debts. Several cases have been filed against Air Pegasus chairman Shyson Thomas, Shyna Thomas and son Ashwin Thomas who was managing director. Till date no debts have been cleared and Air Pegasus office has been vacated from its MG road address.

History

Air Pegasus took delivery of its first ATR 72 aircraft in September 2014. It received its Air Operators Permit (AOP) on 24 March 2015 and subsequently commenced operations from 12 April 2015 with its inaugural flight from Bangalore to Hubli.

The airline suspended operations on 27 July 2016, claiming the suspension was temporary and due to technical issues. However, the problems were later revealed to be financial in nature. Aircraft lessors approached the Indian Directorate General of Civil Aviation (DGCA) to deregister their three aircraft leased to Air Pegasus after the airline defaulted on rental payment. Air Pegasus agreed to pay back 50% of its dues to the lessors and said it would pay the remaining in instalments once flights resume.

Air Pegasus' deal with the lessors collapsed, and the DGCA deregistered the airline's entire fleet in October 2016. At the end of the month, however, Air Pegasus managing director Shyson Thomas stated that he was working to obtain an ATR 72 and to resume flights by 15 November.

On 5 October 2016, DGCA issued a show cause notice to Air Pegasus, asking why its AOP should not be suspended for its failure to carry out operations. The regulator had given 15 days for the regional carrier to respond to its notice. As the carrier failed to give assurance on resumption of its operation, DGCA suspended their flying licence on 22 November 2016.

In early 2017, Air Pegasus attempted to work with another airline that had not yet begun operations, FlyEasy; the latter company would buy a 74% stake in Air Pegasus. However, Air Pegasus did not receive the appropriate funds, and the deal collapsed. Towards the end of the year, Thomas announced that Air Pegasus had entered into cooperation with Dawn Aviation, which would take a 60% stake in the airline. He also stated that the company's previous debts were close to being settled. Thomas expected to resume flights in the first quarter of 2018 using leased ATR 72-500s.

Destinations

An Air Pegasus ATR 72 at Kempegowda Airport in December 2015

In May 2016, Air Pegasus was flying to the following destinations in India:

State City Airport Notes
Karnataka Bangalore Kempegowda International Airport Hub
Karnataka Hubli Hubli Airport
Karnataka Mangalore Mangalore International Airport
Kerala Kochi Cochin International Airport
Kerala Thiruvananthapuram Trivandrum International Airport
Tamil Nadu Chennai Chennai International Airport
Tamil Nadu Madurai Madurai Airport

Fleet

Ch-aviation reported in December 2017 that Air Pegasus had come into an agreement with a leasing company for the lease of a single ATR 72-500. The airline plans to obtain an additional two ATRs afterward in 2018 from Vietnam Airlines.

See also

References

  1. ^ "Air Pegasus". ch-aviation. Retrieved 13 February 2017.
  2. "JO 7340.2G Contractions" (PDF). Federal Aviation Administration. 5 January 2017. p. 3-1-13. Retrieved 13 February 2017.
  3. "India's Air Pegasus takes delivery of first aircraft, an ATR72". ch-aviation. 29 September 2014. Retrieved 30 September 2014.
  4. "Air Pegasus starts commercial operations". Live Mint. 12 April 2015. Retrieved 14 April 2015.
  5. "About us". Decor Aviation. Archived from the original on 12 November 2015. Retrieved 24 August 2014.
  6. ^ "Air Pegasus 3rd airline to take off from Bangalore". The Times of India. 21 January 2014. Retrieved 24 August 2014.
  7. Giriprakash, K (27 July 2016). "Air Pegasus suspends services, denies shutting down operations". The Hindu Business Line. Retrieved 3 August 2016.
  8. Chowdhury, Anirban; Mishra, Mihir (27 July 2016). "Regional airline Air Pegasus cancels flights indefinitely, cites technical glitch". The Economic Times. Retrieved 3 August 2016.
  9. "Lessors approach DGCA to get 3 Air Pegasus planes deregistered". Business Standard. 29 July 2016. Retrieved 29 July 2016.
  10. "Air Pegasus in talks with PE fund to restart operations". The Hindu Business Line. 24 August 2016. Retrieved 26 August 2016.
  11. ^ "India's Air Pegasus aims to resume ops by mid-4Q16". ch-aviation. 24 October 2016. Retrieved 29 October 2016.
  12. Phadnis, Ashwini; Giriprakash, K. (13 October 2016). "DGCA grounds entire Air Pegasus fleet for non-payment of lease money". The Hindu Business Line. Retrieved 29 October 2016.
  13. "Flying licence of Air Pegasus suspended". Deccan Herald. Retrieved 22 November 2016.
  14. ^ "India's Air Pegasus secures funding; to resume ops in 1Q18". ch-aviation. 1 December 2017. Retrieved 3 December 2017.
  15. "Low cost airline Air Pegasus to scale up operation". The Economic Times. 18 May 2016. Retrieved 14 January 2017.

External links

Media related to Air Pegasus at Wikimedia Commons

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