Jan 10, 2017: Bengaluru-based regional airline Flyeasy has signed an agreement to purchase an up to 74 per cent stake in Air Pegasus, in the first sign of consolidation in the regional space.
Air Pegasus in a press release said this will help the grounded carrier to restart operations from March 1.
Bengaluru-based regional Cash-strapped airline Air Pegasus was forced to cancel flights indefinitely since July 27 after two of its three leased ATR aircrafts were reposessed by Dublin-based lessor Elix Aviation for non-payment of rentals.
In a release Air Pegasus said that as part of revamping the operation, Air Pegasus will induct 24 aircraft in the next four years out of which 6 will be inducted this year.
Flyeasy has reportedly applied to the aviation ministry for a pan India license.