Bengaluru-based Air Pegasus will commence operations in March 2014.
Backed by one of the largest domestic airport ground handling companies, the airline will link the Southern cities with ATR turboprop aircraft fleet. The low-cost carrier will fly 25 sectors daily with three 72-seater ATR aircraft initially, before increasing the fleet to six aircraft by the year-end.
“We hope to offer fares US$12-16 (INR750-1,000) cheaper than rivals in sectors that we fly. We will reduce costs by outsourcing entire airport handling to the parent Décor Aviation. ATR turboprop is also very fuel-efficient for short-haul regional flights, which is our business model,” Shyson Thomas, chairman and managing director of Air Pegasus was quoted as saying by the Times of India.
The airline will initially connect Bengaluru with Hyderabad, Chennai, Kochi, Thiruvananthapuram, Hubli, Mangalore, Goa, Tirupati and Visakhapatnam. “We will focus only on the South in the first year, but have plans to create similar hubs around Ahmedabad (for West) and Kolkata (for East) going forward. We would also move into North with a hub in Delhi ultimately,” Thomas said.