Monday, July 18, 2016

Coimbatore-based Air Carnival commences operations

Coimbatore-based Air Carnival commences operations

Low cost airline with pink and white themed Air Carnival has launched its operations with its maiden flight from Coimbatore to Chennai. The airline, which is based in Coimbatore, will focus on short-haul services with ATR72-500 aircraft. The carrier charged Re 1 for the first flight. It plans to keep the tariff at Rs 999 for the first three months. Initially, the company will focus on South Indian market for a year and then it plans to expand to other parts of the country.

The airline will have daily service for 10 sectors including 3 daily flights from Chennai to Coimbatore (up and down) and two daily flights from Chennai to Madurai (up and down). The 70-seater aircraft are more economical for short haul services and they are proven one in India, said Manish Singh, CEO, Air Carnival. The promoter CMC group plans to infuse around $12-15 million (of which $5 million already invested) initially, which will fund to acquire at least 3-5 aircrafts but at present, the airline has started operations using only one aircraft. It would add its second aircraft by end of September and a third one by the end of October. 

Extra Info: Air Carnival is the subsidiary of Coimbatore Marine College Group (CMC) of Institutions, which was established in 2002 in Coimbatore. 

So let's discuss some questions related to this post:
1. Name the airline which has started its operations recently?
2. The Air Carnival is a subsidiary of which group?

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