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| '''Air Pegasus''' |
'''Air Pegasus''' was a ] based in ], India. 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. | ||
| ==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=30 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>{{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=30 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>{{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>{{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 |
The airline suspended operations on 27 July 2016, claiming the suspension was temporary and due to technical issues.<ref>{{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. The airline is speaking with investment firms and other airlines for financial assistance.<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> With no further development in resuming the operation, ] has de-registered its three aircraft, thereby effectively grounding the entire fleet of the airline. Moreover, DGCA has sent a showcase notice on why its licence should not be suspended as it has not been able to meet its licence conditions for operating flights.<ref>{{cite web|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 | Business Line |publisher=Thehindubusinessline.com |date= |accessdate=2016-10-14}}</ref> | ||
| ==Destinations== | ==Destinations== | ||
Revision as of 00:34, 15 October 2016
Not to be confused with Pegasus Airlines. | |||||||
| |||||||
| Founded | 2014 | ||||||
|---|---|---|---|---|---|---|---|
| Commenced operations | 12 April 2015 | ||||||
| Ceased operations | 27 July 2016 | ||||||
| Hubs | Kempegowda International Airport (Bangalore) | ||||||
| Fleet size | 3 | ||||||
| Destinations | 8 | ||||||
| Parent company | Decor Aviation | ||||||
| Headquarters | Bangalore, Karnataka, India | ||||||
| Key people | Shyson Thomas (MD) | ||||||
| Website | www | ||||||
Air Pegasus was a regional airline based in Bangalore, India. 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.
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. The airline is speaking with investment firms and other airlines for financial assistance. With no further development in resuming the operation, DGCA has de-registered its three aircraft, thereby effectively grounding the entire fleet of the airline. Moreover, DGCA has sent a showcase notice on why its licence should not be suspended as it has not been able to meet its licence conditions for operating flights.
Destinations
Air Pegasus flew to the following destinations at the time it suspended operations:
| Country (State) | City | Airport | Notes | Ref. |
|---|---|---|---|---|
| India (Goa) | Goa | Goa International Airport | ||
| India (Karnataka) | Bangalore | Kempegowda International Airport | Hub | |
| India (Karnataka) | Hubli | Hubli Airport | ||
| India (Karnataka) | Mangalore | Mangalore International Airport | ||
| India (Kerala) | Cochin | Cochin International Airport | ||
| India (Kerala) | Thiruvananthapuram | Trivandrum International Airport | ||
| India (Tamil Nadu) | Chennai | Chennai International Airport | ||
| India (Tamil Nadu) | Madurai | Madurai International Airport |
Fleet
At the time it suspended operations, Air Pegasus operated the following aircraft:
| Aircraft | In service | Orders | Passengers | Notes |
|---|---|---|---|---|
| Y | ||||
| ATR 72-500 | 3 | — | 66 | — |
| Total | 3 | 0 | ||
See also
References
- K Giriprakash (2016-07-27). "Air Pegasus suspends services, denies shutting down operations | Business Line". Thehindubusinessline.com. Retrieved 2016-09-05.
- "India's Air Pegasus takes delivery of first aircraft, an ATR72". ch-aviation. 30 September 2014. Retrieved 30 September 2014.
- ^ "Air Pegasus starts commercial operations". Live Mint. 12 April 2015. Retrieved 14 April 2015.
- "About us". Decor Aviation. Retrieved 24 August 2014.
- "Air Pegasus 3rd airline to take off from Bangalore". The Times of India. 21 January 2014. Retrieved 24 August 2014.
- Giriprakash, K (27 July 2016). "Air Pegasus suspends services, denies shutting down operations". The Hindu Business Line. Retrieved 3 August 2016.
- Chowdhury, Anirban; Mishra, Mihir (27 July 2016). "Regional airline Air Pegasus cancels flights indefinitely, cites technical glitch". The Economic Times. Retrieved 3 August 2016.
- "Lessors approach DGCA to get 3 Air Pegasus planes deregistered". Business Standard. 29 July 2016. Retrieved 29 July 2016.
- "Air Pegasus in talks with PE fund to restart operations". The Hindu Business Line. 24 August 2016. Retrieved 26 August 2016.
- "DGCA grounds entire Air Pegasus fleet for non-payment of lease money | Business Line". Thehindubusinessline.com. Retrieved 2016-10-14.
- "Air Pegasus to launch flights to Cuddapah in Andhra Pradesh". The Times of India. Retrieved 16 April 2016.
- "Air Pegasus begins operations from Mangaluru". The Hindu. 24 August 2015. Retrieved 16 April 2016.
- ^ "Air Pegasus Destinations". Retrieved 16 April 2016.
- "ATR 42/72 Active with Air Pegasus". Airfleets.net. Retrieved 27 June 2016.
- "Air Pegasus Fleet Details and History". Planespotters.net. 1 September 2015. Retrieved 27 June 2016.