FlyEasy is currently awaiting aviation regulator DGCA approval for starting a regional airline. It is one of the 16 airlines to have secured no-objection certificate from the Civil Aviation Ministry to start commercial operations since 2011.
In a statement today, the Gulf carrier also said that Indian aviation market had huge potential and it would continue to evaluate opportunities arising out of this market.
"At Air Arabia, we are always open to examine new business opportunities as they come along. As such, a new opportunity has arisen with Fly Easy in India, in which we are currently reviewing and evaluating," an Air Arabia spokesperson said.
FlyEasy officials could not be contacted for comments.
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It is a subsidiary of the Bangalore-based ABC Aviation and Training Service.
In India since seven years now, Air Arabia currently operates flights from its hub in Sharjah to 13 Indian cities -- Jaipur, Kochi, Nagpur, Coimbatore, Thiruvananthapuram, Goa, Kozhikode, Hyderabad, New Delhi, Mumbai, Bangalore, Ahmedabad, and Chennai -- operating over 112 weekly flights.
As part of the aviation sector reforms, the previous UPA government had in 2012 allowed foreign airlines to invest up to 49 per cent in the domestic carriers, leading to UAE national carrier Etihad picking up 24 per cent stake in Naresh Goyal's Jet Airways.
Under the Draft National Policy, unveiled late last month, the government has proposed raising foreign direct investment in domestic airlines from the current 49 per cent to over 50 per cent if it were to opt for open skies policy for countries lying within 5,000 kms radius.