 "flyeasy, plane, airline")
Flyeasy has acquired 74 per cent stake in grounded carrier Air Pegasus, giving it a fresh lease of life.
Promoted by Bengaluru-based ABC Aviation and Training, Flyeasy is awaiting a regulatory nod to start operations. Air Pegasus shut operations last July; its permit was suspended following a cash crunch.
Two of Air Pegasus’s three ATR planes were repossessed by its lessor for payment default.
“We are making an initial investment of Rs 26 crore in Air Pegasus for 74 per cent stake and this will be used to clear dues and resume operations. In the later phase, we will invest
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