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Air Pegasus News -- Part 1
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747-237
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PostPosted: Sat Jan 25, 2014 7:18 pm    Post subject: Air Pegasus News -- Part 1 Reply with quote

http://www.dnaindia.com/bangalore/report-1-more-airline-to-fly-you-to-hubli-1956875

Bangalore-based Air Pegasus is aiming to start Bangalore-Hubli flight by March. The company’s director, Asswin, said they are planning to operate two flights between the two cities every day. He said they are looking at starting flights between Mangalore and Hubli too.

Asswin said the company is gearing up to serve commuters in tier-II and tier-III cities in South India. Besides the abovesaid cities, Kochi, Thiruvananthapuram, Tirupati, Visakhapatnam, Kochi, Hyderabad and Chennai are on its radar. To start with, Air Pegasus will use 72-seater aircraft. By next year, it expects to acquire six wide-bodied aircraft.


Air Pegasus has been floated by Decor Aviation, one of the largest domestic airport ground-handling companies in the country. The company claimed its fare will be cheaper than its rivals’ due to a couple of advantages it enjoys: the task of managing the airport will be given to its parent company (Decor Aviation) and a fuel-efficient equipment. Asswin claimed that their fare will be comparable to trains’ AC fare.

He added that after a year, the company would expand its reach to Northern, Eastern and Western parts of the country. He said they are studying the possibility of connecting Delhi with cities like Hubli and Mangalore.

Hubli airport controller KM Basavaraj confirmed that Air Pegasus has approached the Airport Authority of India and that official discussions are on. He said the airline should be able to start operations in a couple of months.




Quote:
Air Pegasus will use 72-seater aircraft

http://www.airpegasus.in/images/banner1.jpg


Last edited by 747-237 on Thu Mar 20, 2014 4:10 pm; edited 1 time in total
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747-237
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PostPosted: Sat Jan 25, 2014 7:39 pm    Post subject: Reply with quote

http://www.ch-aviation.ch/portal/news/25074-lcc-start-up-air-pegasus-eyes-southern-indian-market-initially

LCC start-up, Air Pegasus, eyes southern Indian market initially

Air Pegasus is once more looking to launch services, this time using a fleet of three ATR72 turboprops. Air Pegasus Chairman & Managing Director, Shyson Thomas, told the Times of India that his firm, Decor Aviation, a local ground-handling services company, will pump in USD15million with Canara Bank contributing USD5million in the form of a loan. Tickets are expected on sale in February. "We will reduce costs by outsourcing entire airport handling to the parent Decor Aviation. [The] ATR turboprop is also very fuel efficient for short-haul regional flights, which is our business model," Thomas added. The Low Cost Carrier will initially connect Bangalore Int'l with Hyderabad Int'l, Chennai, Kochi Int'l, Thiruvananthapuram, Hubli, Mangalore, Goa, Tirupati and Vishakhapatnam. "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 Int'l ultimately," Thomas said. In the longterm, should government scrap the country's current embargo on allowing start-ups to operate internationally in their first five years, then Pegasus intends to operate routes such as Thiruvananthapuram to Malé and Kolkata to Dhaka.
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Jeh
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PostPosted: Sat Jan 25, 2014 9:43 pm    Post subject: Re: Air Pegasus News -- Part 1 Reply with quote

747-237 wrote:


Is it just me or ... ?

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sukritmunjal
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PostPosted: Sun Jan 26, 2014 3:02 am    Post subject: Re: Air Pegasus News -- Part 1 Reply with quote

747-237 wrote:
By next year, it expects to acquire six wide-bodied aircraft.



Six wide-bodies??? Shocked

Aren't they being a bit too ambitious?
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TKMCE
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PostPosted: Sun Jan 26, 2014 9:25 am    Post subject: Reply with quote

Most likely they meant Jet aircraft.

Interesting to readabout CCU DAC and TRV MLE. These are international routes which already have services by Props. Atleast the homework seems to have been done .
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747-237
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PostPosted: Sun Jan 26, 2014 9:32 am    Post subject: Reply with quote

Shades of ...........

747-237 wrote:
Posted: Tue May 05, 2009 4:34 pm

Paramount Air Plans To Buy Up To 15 Passenger Jets

Paramount is considering buying Boeing's 777 and 787 jets as well as the A330 and A350 planes from Europe's Airbus, Thiagarajan said.
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ameya
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PostPosted: Sun Jan 26, 2014 8:05 pm    Post subject: Reply with quote

why is their ATR looking like Q400 Shocked
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bob
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PostPosted: Sun Jan 26, 2014 9:38 pm    Post subject: Reply with quote

From Chairman Interview to TOI reinforce my view on management capability and business planning of airlines in India...

a) Air Pegasus has taken regional airline approval... which give advantage on reduce sales tax on ATF and no landing and parking charges and 25 % reduction in route navigation charges this give regional airline cost advantage compare to national airline .. but regional airline have restriction in flying to metro and restricted to only single metro of FIR region ( for example east they can fly CCU only ) except south where three metro allowed HYD , MAA, BLR …

b) They want to create hub in CCU and DEL... are they planning to set up three regional airline to set up metro or want to convert their license to national and losing all benefit of regional airline … How they plan to compete with current national player as both of same cost base but current already have wide network and market share ..

c) They want to add Wide body (I give benefit of ignorance he may mean narrow body A320/B737 ... but it is expected chairman of airline to be aware of difference in narrow body and wide body) ... Small airline six narrow body few turbo prop.. two type in small fleet . They are bring first two aircraft almost 15 years old . Historical data indicate , operating cost of 15 years old ATR is almost 30-40 % is more than 0-5 year aircraft .. how they can produce cost advantage of existing player it remain mystery when they are put up against same sector like Spice who got new aircraft still under warranty and much more reliable than 15 year old aircraft .

d) They are trying to bring two aircrafts before end of Feb ( before they reach 15 year ) and then process for AOC which there is no work started yet .. It means aircrafts will remain in ground for few months before they start operation .. They will be paying monthly lease charges and maintenance reserve for min flying hours for airframe , engine e.. They also need to pay for parking till AOC in place … In industry where profit margin is 3-5 % company ability to absorb high pre operative will be very challenging .

Any though on their business plan .. and how they able to reduce their operating cost from current operator ?
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PostPosted: Sun Jan 26, 2014 9:48 pm    Post subject: Reply with quote

TKMCE wrote:
Most likely they meant Jet aircraft.

Interesting to readabout CCU DAC and TRV MLE. These are international routes which already have services by Props. Atleast the homework seems to have been done .


They are not even off the ground, and are already talking about international routes in five years.....

A bit premature, don't you think?

bob wrote:

They are trying to bring two aircrafts before end of Feb ( before they reach 15 year ) and then process for AOC which there is no work started yet .. It means aircrafts will remain in ground for few months before they start operation ...


true, and we have operators like AirAsia who have announced operations much before, with much bigger and more experienced backers, who still have to get their AOC issues sorted out.

sukritmunjal wrote:
why is their ATR looking like Q400 Shocked


Coz it is one. If it looks like a duck and walks like a duck and quacks like a duck.... you get the picture Wink
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TKMCE
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PostPosted: Mon Jan 27, 2014 11:20 am    Post subject: Reply with quote

Quote:
They are not even off the ground, and are already talking about international routes in five years.....

A bit premature, don't you think?



Relax buddy! All I am saying is you dont need to fly BOM PVG to highlight your international capabilities and blink big time. Or portray DEL CAN as the next wonder route of the world to later say we will go to CCU instead.



By the way both the ATRs are single operator ones.
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bob
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PostPosted: Wed Feb 05, 2014 8:47 am    Post subject: Reply with quote

VT-APA and APB blocked for two aircrt
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PostPosted: Wed Feb 05, 2014 12:26 pm    Post subject: Re: Air Pegasus News -- Part 1 Reply with quote

747-237 wrote:


. The company’s director, Asswin,



Laughing Laughing Laughing Laughing Laughing Laughing Laughing
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bob
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PostPosted: Thu Mar 20, 2014 3:47 pm    Post subject: Reply with quote

Two aircrafts selected were reaching 15th year age on 24th Feb and 9th March ... DGCA refuse to give permission for first one as only 10 days were left at time of application and approval for second aircraft also lapsed as they not able to import before 9th March .. Their NOC is expiring in May which is third and last extension .....
I am not sure if they are directly planning SIX WIDE BODIES now !!!!!!
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iah87
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PostPosted: Thu Mar 20, 2014 7:08 pm    Post subject: Reply with quote

Good I hope they dont get the permission. India has too many airlines now and don't need one more.
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bob
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PostPosted: Tue May 13, 2014 1:03 pm    Post subject: Reply with quote

Any update on Air Pegasus Plan ... for launch .. I believe their third extension of NOC will expire this week and then they have to start again from scratch ...

MD is busy giving Interview of induction of 6 wide body aircraft in one year operation .... !!!!!!!!!!

This is Sad story of Aviation in India very few professional engaged in start up
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TKMCE
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PostPosted: Thu May 15, 2014 10:11 pm    Post subject: Reply with quote

Well from your posts in this thread you were highlighting repeatedly the age of the aircraft they were planning to import.

Interestingly the 4 ATRs , AI Regional is operating- AFAIK the youngest is a mere 18 years old and the oldest 21 years Smile
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ameya
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PostPosted: Thu May 15, 2014 10:44 pm    Post subject: Reply with quote

TKMCE wrote:
Well from your posts in this thread you were highlighting repeatedly the age of the aircraft they were planning to import.

Interestingly the 4 ATRs , AI Regional is operating- AFAIK the youngest is a mere 18 years old and the oldest 21 years Smile


The cap is on the age at the time of import. None the less rules can anyways be changed for government airline
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PostPosted: Thu May 15, 2014 11:15 pm    Post subject: Reply with quote

TKMCE wrote:
Well from your posts in this thread you were highlighting repeatedly the age of the aircraft they were planning to import.

Interestingly the 4 ATRs , AI Regional is operating- AFAIK the youngest is a mere 18 years old and the oldest 21 years Smile


Likewise, some of the VT-ES* series A320s were or are kissing 22+ years of service as of this year. Don't reckon the DGCA is doing anything about it, so either the rule doesn't exist, is lax in its implementation, or doesn't apply to the national carrier. My votes go to one or three.
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bob
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PostPosted: Fri May 16, 2014 4:40 pm    Post subject: Reply with quote

Pl note restriction on age is at time of import only not on aircraft operating in country. This is worldwide practise.
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PostPosted: Tue Jul 29, 2014 1:08 am    Post subject: Reply with quote

http://www.ch-aviation.com/portal/news/29961-indian-regional-lcc-air-pegasus-to-launch-in-september

Indian regional LCC, Air Pegasus, to launch in September

Air Pegasus is planning to launch operations by the middle of September having already secured an initial fleet of three ATR72-500s. Speaking exclusively to ch-aviation, Managing Director, Shyson Thomas, said the start-up's initial route network will include Bangalore Int'l, Kochi Int'l, Thiruvananthapuram, Chennai, Hyderabad Int'l, Hubli, Goa, Madurai, Tuticorin, and Kozhikode.
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bob
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PostPosted: Wed Aug 13, 2014 7:01 pm    Post subject: Reply with quote

Even LOI is not signed for any aircraft so far . They are trying for two aircraft MSN 699 and MSN 725 ...
NO AOP still planning to launch by Sept .... clear indication of no clue on process and time line ....
by the way last interview he want to launch in Feb with 2 ATR and 6 Wide body in 2015 ......
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TKMCE
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PostPosted: Thu Aug 14, 2014 7:28 pm    Post subject: Reply with quote

bob

Your posts , atleast to me appear to be heights of negativity against Air Pegasus. What have they done to you? What is the objective of your posts??? The promoter has an aviation background, he is trying to get an aircraft which he can service literally down the road for major checks and an aircraft which he will find it easier to get AMEs and Pilots. Not to speak of operational costs much lower than the other start up at VGA who are also doing a good job despite the handicaps they face.

Atleast from your own posts , things seem to be looking up for Pegasus. From ending up with nearly 15 year old aircraft they are now apparently close to leasing out the two a/c which you mentioned which are less than 9 years old.

Yes he will find it tough but that doesnt mean every new airline has to be wrtten off from day one. Atleast these guys have been persistent. Give them a break!!!!
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bob
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PostPosted: Fri Aug 15, 2014 1:19 pm    Post subject: Reply with quote

Nothing negative in it just fact,it indicate professional maturity of promotors who announce operation date without even doing basic ground work that also third time ...this information to ensure potential pilots do not get again spend money in renewal of licence or type rating on big promise what some of them in last time .
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747-237
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PostPosted: Tue Sep 16, 2014 7:51 am    Post subject: Reply with quote

http://www.newindianexpress.com/business/news/KfA-Default-Delays-Startups-Aircraft-Purchase-Plan/2014/09/16/article2433765.ece

Air Pegasus, a Bangalore-based airline, has been trying to get 3 ATR 72/500 aircraft to begin operations in South India for over eight months now.

“The delay is not because of us or DGCA, it is because of KfA,” Shyson Thomas, Managing Director and CEO of Air Pegasus, told Express. The airline had planned to start services by March next year.

“Nobody is willing to lease aircraft after Kingfisher Airlines’ problems,” Thomas said. Lessor companies are now demanding many more sureties before a deal is completed.

“They have asked for a security deposit of 10 months and the personal guarantee of all directors in the company,” he said. The company had to pay $1.1 million as deposit which works up to 10 months deposit, though the earlier requirement was only 2-3 months security deposit, he said.

Thomas said they now expect to get the aircraft by Friday (19-9-2014) and hope to get clearances within a month. Pegasus has leased aircraft from an Ireland based company but the aircraft are currently in Malaysia.

The delay has already caused anguish not only to the management of the proposed carrier but former employees of KfA. Pegasus hired 20 pilots, most of them from KfA, as they had experience in flying ATR aircraft.

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iah87
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PostPosted: Tue Sep 16, 2014 6:59 pm    Post subject: Reply with quote

This company is going to great lengths to start an airline in India, which already has cut throat competition. They are lucky that they are getting a leasing company to even a lease an aircraft. Personal guarantee in India means nothing, they can drag the cases in court for years.
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PostPosted: Wed Sep 17, 2014 12:15 am    Post subject: Reply with quote

Even I would have been a lessor I would have been skeptical too !

I still do not believe that Air pegasis have a plan and they will survive. The same person is going to talk about difficult environment and shut shop soon - like air mantra, paramount and others
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bob
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PostPosted: Fri Sep 19, 2014 11:39 pm    Post subject: Reply with quote

There is lot of hype that no lessor in ready to lease aircraft in India . All major airlines are getting aircraft on lease with normal terms . Leasing company is putting more focused on financial and business plan of airline before they consider for leasing . Air Pegasus is going to operate in very fast developing south market . This region is has seen very aggressive expansion plan from all major like Indigo , Air Asia , Air Costa . Air Pegasus is not able to demonstrate to lessor how they are going to compete with the rival airline as they are planning to operate on same routes . They are not able to explain strategy which will ensure that they will get market share from current operator . They are also not able to demonstrate enough cash flow for start-up period where fare and load factor which will be very low . Airline need to enough funding to sustain operation till breakeven is reached . Naturally if there is no concrete answer then leasing company needs sufficient deposit to cover lease rental and maintenance reserve to cover their exposer in case of non payment ( including recovery period ) ..
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PostPosted: Fri Sep 19, 2014 11:50 pm    Post subject: Reply with quote

Yes Bob. You are absolutely right. If I understand you correctly, at least two if not three airlines with balance sheets which if based in the western world would have shut down long back not only flourishes in India but according to you still have lessors happy enough to provide more and more aircraft while someone who is really trying to start up is never given a chance.....


Do a favour.... Train your guns on someone else for a change and give all of us a break. here Smile
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PostPosted: Sat Sep 20, 2014 7:53 pm    Post subject: Reply with quote

First aircraft is scheduled to be delivered in KL tomorrow, i.e. Sunday 21st September. It might be pushed back slightly due to some paperwork.

Nonetheless, the aircraft will be in India latest by next week.

Pilots already in KL waiting to take delivery. First aircraft to be registered VT-APA. The aircraft is a former IT aircraft.
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PostPosted: Sun Sep 21, 2014 8:07 pm    Post subject: Reply with quote

deaphen wrote:
Pilots already in KL waiting to take delivery. First aircraft to be registered VT-APA. The aircraft is a former IT aircraft.
Interesting...and Nitin, it is nice to see you on the forum, after...ages!
Cheers, Sumantra.
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PostPosted: Fri Sep 26, 2014 9:35 am    Post subject: Reply with quote

Thanks Sumantra!

Air Pegasus has taken delivery of its first ATR 72, MSN 699.
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PostPosted: Sat Sep 27, 2014 11:42 pm    Post subject: Reply with quote

Air Pegasus receives its first aircraft

Bangalore based Air Pegasus today received its first aircraft – an ATR 72-500, MSN 699 – from its lessor, after successfully completing its acceptance flight. Minor glitches in the aircraft’s auto flight system had delayed the ferry.

The aircraft, sporting an all white body (much like Vistara’s first Airbus A320), was ferried from its storage at Kuala Lumpur, and flown to Bangalore via Dhaka, where it had a tech stop. The aircraft departed Kuala Lumpur at around 0340Z/0910IST, and landed at Dhaka at 1020Z/1550IST, after flying for almost 6hrs40min. The aircraft departed almost an hour later at 1120Z/1650IST, and landed at Kempegowda International Airport (Bangalore) at 1530Z/2100IST, after 4hrs10minutes.

The first leg – Kuala Lumpur (WMKK), Malaysia to Dhaka (VGHS) was 1,550NM long, and the second leg- Dhaka(VGHA) to Bangalore (VOBL), India was 1,047NM long. Cruise was at flight level (FL) 240. Below is the routing.

The aircraft was piloted by two captains- Sipsas and Brilakis – the only two expats on contract with Air Pegasus, as of today. The aircraft ferried flew in with a registration M-ABFC, and was formerly operating for Kingfisher Airlines with the registration VT-KAA. The aircraft went into storage in the April of 2012, and has not operated since.

Air Pegasus becomes ATR’s newest operator in the country.

Air Pegaus has been on a hiring spree, and may receive its AOP by end October, and start operations by early November.[/u]
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TKMCE
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PostPosted: Sun Sep 28, 2014 8:56 am    Post subject: Reply with quote

Is it because of ETOPS that such a round about routing KUL DAC BLR has to be done???
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flying_pilot
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PostPosted: Fri Nov 07, 2014 7:45 am    Post subject: Reply with quote

When is air pegasus starting operations and when will next aircraft come? Can anyone throw any light on this subject?
Thx.
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PostPosted: Sat Nov 08, 2014 8:47 pm    Post subject: Reply with quote

They have a nice website in place now.

http://www.airpegasus.in/index.php

The first destinations will be Bangalore, Chennai, Hubli, Kochi and Thiruvanathapuram.

They also seem to be hiring, but strangely, not pilots or FAs.
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PostPosted: Mon Nov 10, 2014 10:04 am    Post subject: Reply with quote

Air Pegasus 1st aircraft got its livery . Nice airline logo on their first aircraft now .

They are waiting for the CAMO approval, almost everything is in place now .

second aircraft coming before December .

AOP around 1st week of December and start of ops around mid december or 1st week of Jan 2015 .
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PostPosted: Mon Nov 10, 2014 9:44 pm    Post subject: Reply with quote

Some pictures:

The first is a rendering


Looks quite good actually!

Nitin
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rogermikee
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PostPosted: Tue Nov 11, 2014 11:29 am    Post subject: Reply with quote

Looks really good..kudos Air Works for a job well done !!

@ Nitin : wish we could get a glimpse of the tail section as well Capt .
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PostPosted: Tue Nov 11, 2014 2:38 pm    Post subject: Reply with quote

rogermikee wrote:
Looks really good..kudos Air Works for a job well done !!

@ Nitin : wish we could get a glimpse of the tail section as well Capt .



Just scroll to the right Wink
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PostPosted: Tue Nov 11, 2014 2:45 pm    Post subject: Reply with quote

deaphen wrote:
Some pictures:

The first is a rendering



Nitin


Which is hilarious.

Someone at Pegasus still cannot differentiate between a Q-400 and an ATR.

The real livery is nice though.
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