Two airline start-ups plan to launch in summer 2015
Premier Airways Ltd, promoted by a non-resident Indian (NRI), and Air One Aviation Pvt. Ltd, founded by a former Air Sahara president, are expected to take to the skies by summer this year, joining over half-a-dozen Indian airlines.
The launch of the two new national airlines, following that of another, Vistara, promoted by Tata group and Singapore Airlines Ltd, expected in a few weeks, and the expansion of fledgling Air Asia India Pvt. Ltd could fuel another aviation boom in the country. It will lead to more flights, lower prices, demand for trained crew and ground staff, even an increase in finance and leasing activities.
Premier Air is promoted by NRI engineer-turned-entrepreneur Umapathy Pinaghapani and Air One, promoted by former Air Sahara president Alok Sharma,
Premier Air is an Indian low-cost start-up that will reportedly be based at Bangalore Kempegowda International Airport. Premier Air plans to provide domestic services throughout India. The country's Directorate General of Civil Aviation awarded the carrier with its No Objection Certificate in Jul-2014. Premier Airways promoter, Umapathy Pinaghapani, expects the carrier to launch in Mar-2015.
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