Airlines have become the most effective way of travel not only for business purposes but even for personal travel in India. With many established players and the growing performance of low cost carriers, the aviation industry in industry has grown phenomenally. The top airlines in India are Air India, Jet Airways, Indigo and Spicejet. Brands like GoAir, Vistara & AirAsia have grown their operations along with Trujet, Air Costa and Air Pegasus. Here is a list of the top 10 airline companies in India 2016.
10. Air Pegasus
Air Pegasus is a regional airline based out of Bangalore, India.
Air Pegasus is a subsidiary of Décor aviation, which is an aircraft ground handling services company, which has grown significantly over the last few years in its operations in India. Air Pegasus started its operation on April 12, 2015 and the first flight of air Pegasus flew between Bangalore and Hubli.
Main hub of Air Pegasus is at Bangalore (Kempegowda International Airport), it covers eight airports across South India. They have a fleet of three ATR 72-500 aircraft. First delivery of ATR-72 aircraft is being done in September 2014. Air operators Permit is being received by Air Pegasus on 24 March 2015.
Pegasus Airlines has recently declared its financial results for Q1 of 2016. In Q1, and according to the report Pegasus has achieved a turnover of 691,100,801 Turkish Liras, and its growing by 19% year-on-year.
On the announcement of the financial results, Pegasus Airlines CEO Mehmet T. Nane commented that, we have implemented strategies to increase our aircraft utilisation and the share of our ancillary revenue in total revenue, during what is regarded as the quietest season in the sector. They have streamlined their business strategy for the upcoming period. Entire team of air Pegasus is well-equipped to further improve their service quality during busy summer months.”