Premier Airways Limited was created to promote as a low cost high quality airline project[1] based in Chennai, Tamil Nadu, India. It had proposed to launch low cost regional scheduled services,[2] for which it received a No Objection Certificate (NOC) from the Ministry of Civil Aviation in July 2014.[3]
| Founded | 2005 |
|---|---|
| Headquarters | Chennai, Tamil Nadu |
| Key people | Umapathy Pinaghapani, CMD |
The Public Limited company was founded in August 2005 by a group of Non Resident Indian (NRI) entrepreneurs.[citation needed]
Premier Airways Ltd, is promoted by US-based Umapathy Pinaghapani,[4] and was to be a low-cost carrier similar to Southwest Airlines and Indigo. The airline planned to purchase 40 Airbus A320 NEO aircraft worth $4.3 billion and aims to start in the last quarter of 2015 or the first quarter of 2016 with leased aircraft.[5] The NOC has since expired before the airline could start operations. However despite all the challenges caused by vested corporate rivalries, Premier Airways is poised to revive in 2025 [1]
References
edit- ^ a b "Premier Airways".
- ^ "CAPA profile on Zav Airways". CAPA. Retrieved 24 August 2014.
- ^ "Indian start-up, Zav Airways, secures NOC". ch-aviation. 22 July 2014. Retrieved 24 August 2014.
- ^ "Two airline start-ups plan to launch in summer 2015". Live Mint. 26 November 2014. Retrieved 16 June 2015.
- ^ "Premier Airways in talks with Airbus to buy 40 A320 NEOs for $4.3 billion". The Economic Times. 26 November 2014. Retrieved 18 June 2015.
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