Posts: 456
Joined: Thu Jul 24, 2003 4:10 am

"AirOne":New Indian LCC To Fly From April

Wed Dec 24, 2003 3:34 am

Promoted by retired Indian Airlines officials and plans to operate two 50 seater Embraer initially on lease. To be based at Bangalore.


Source: Press Trust of India
No-frill Air One Feeder Airline to fly from April
Press Trust of India
Bangalore, December 23

Air One Feeder Airline Pvt Ltd, a new 'no-frill' airline promoted by retired Indian Airlines officials, plans to begin operations from April next.

The Bangalore-based firm plans to operate 50-seater jets of Brazilian aircraft manufacturer Embraer on the southern and western sectors, Air One director J W Lobo told PTI on Tuesday.

Air One has received a no-objection certificate from the Ministry of Civil Aviation, he said, adding the airline would not compete with major players on the trunk routes.

Lobo said Ernst & Young has been appointed to attract investors in the firm, which will have an equity base of Rs 4 crore. Air One plans to acquire two aircraft on dry lease from Embraer.

"The promoters will hold 60 per cent equity and the balance will be with investors," he said, adding the firm would raise funds from banks for working capital.

Lobo said Air One would operate initially in southern and western regions during day and plans to shuttle between Kolkata and Bangalore during night to fly patients for the city-based Narayana Hrudayalaya.

He said an MoU was signed a few months ago with the hospital to ferry people from the eastern region, which receives patients from the north-east, besides neighbouring countries.

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Joined: Thu Jul 31, 2003 4:33 am

RE: "AirOne":New Indian LCC To Fly From April

Wed Dec 24, 2003 3:46 am

Good luck to them!

The first sensible thing they have done is probably avoiding the trunk routes. Let's wait and watch.

Sarfaroshi kii tamannaa ab hamaare dil mein hai, Dekhnaa hai zor kitnaa baazu-e-qaatil mein hai
Posts: 253
Joined: Tue Nov 04, 2003 6:21 am

RE: "AirOne":New Indian LCC To Fly From April

Wed Dec 24, 2003 3:55 am

Well, I hope they are more creative when defining their product than with their choice of name.

Creative flying to all of us  Smile/happy/getting dizzy
German by nationality, European by heart!
Posts: 456
Joined: Thu Jul 24, 2003 4:10 am

RE: "AirOne":New Indian LCC To Fly From April

Wed Dec 24, 2003 9:47 am

Some more details from Business Standard:

Second no-frills airline by April

Our Bureau in Bangalore
Published : December 24, 2003

AirDeccan, the country’s first no-frills airline, will soon have its first competitor in Airone Feeder Airline Pvt Ltd.

Headed by retired Indian Airlines staff and a businessman in Bangalore, the new airline plans to begin commercial operations by April 2004. The plan has been cleared by the ministry of civil aviation.

“We are in the process of mapping routes. Ernst & Young has shown interest to raise funds for the venture. We have set a deadline of April 2004 to begin operations,” J W Lobo, a promoter of the company, said.

The promoters of Airone will hold over 51 per cent in the airline, while investors will hold the rest. The carrier will raise working capital funds from banks and interested parties.

Airone will dry lease two 50-seater jets from Brazilian aircraft maker Embraer. “Initially, we will need Rs 4 crore for the dry lease of two aircraft. Our major operational cost will be in leasing craft and fuel. We are arranging the working capital for meeting fuel costs. Besides this, we will require some money for the initial operations,” Lobo added.

While AirDeccan has opted for a similar dry lease route, Airone’s advantage will lie in the fact that it would dry lease brand new aircraft, thereby reducing maintenance costs.

Currently, AirDeccan operates with older turbo prop aircraft requiring higher maintenance costs.

“We may incur 10 per cent extra expenditure when it comes to the time taken to cover a certain distance as we will operate a jet plane. Whereas, the hourly consumption of fuel is the same as that of a turbo prop plane,” Lobo explained.

Though the route planing is at the conceptual stage, Airone has decided to operate between the southern and western region.

The carrier has already signed a memorandum of understanding with Narayana Hrudayalaya, a renowned heart hospital in Bangalore, for ferrying patients from the north-east.

Airone is also exploring ways to increase its margins by not going in for traditional ticketing methods.

Though e-ticketing is the obvious alternative, the company is looking at other viable ways also to sell tickets.

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Joined: Mon Aug 10, 2015 10:50 am

RE: "AirOne":New Indian LCC To Fly From April

Wed Dec 24, 2003 10:38 am

Too many, too fast, and not much news of the other airlines which have made announcements in the recent past.

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