"We have received an Air Operators Permit from the DGCA, and plan to launch our ticketing system on April 4 and flight operations by April 12," Air Pagesus managing director Shyson Thomas said in a release.
Air Pegasus is the third new airline to receive flying permit from the DGCA, after AirAsia India and Vistara, in last one year.
Promoted by ground-handling services provider Decor Aviation, the regional carrier plans to invest of Rs 100 crore through a mix of internal resources and debt, the company said.
"We already have two ATR-72 aircraft in our fleet that is sufficient to operate the three sectors we plan to start flights with," Thomas said.
Air Pegasus aims to be the truly regional airline brand with more connectivity in existing regions which are underserved and to connect non-connected sectors, he added.
