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Ram Charan gets nod to float airline
Ram Charan gets nod to float airline, The civil aviation ministry has approved six new airlines including Turbo Mega which is being floated by film actor Ram Charan Teja, son of the former Union Minister for Tourism, K Chiranjeevi.
Hyderabad: The civil aviation ministry has approved six new airlines including Turbo Mega which is being floated by film actor Ram Charan Teja, son of the former Union Minister for Tourism, K Chiranjeevi.
The company has two active directors/partners including Vankayalapati Umesh and Ram Charan Teja.
The move could result in as many as eight new airlines taking to the skies this fiscal year, including Tata Sons Ltd’s low-cost joint venture (JV) with Air Asia Bhd that has already started flights and its premium JV with Singapore Airlines Ltd (SIA), expected to launch operations in October.
Three of the new approvals are for national airlines. The move is likely to stoke competition, leading to lower fares for consumers, and at the same time improve connectivity across the country.
Once the no-objection certificate is obtained, the new airlines can approach the Directorate General of Civil Aviation (DGCA), the aviation regulator, for an airline licence—a process that takes about three months.
These airlines include Air One Aviation Pvt Ltd, Zexus Air and Premier Air, that are seeking to become national airlines. Turbo Mega wants to take to the skies as regional airlines that operate in limited geographies and face restrictions on where they can fly to.
