Kerala to have its own airline

[SpArK]

Kerala to have its own airline
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Kerala will soon have its own airline --Air Kerala-- and the formal announcement in this regard is expected to be made during the forthcoming investment meeting in Cochin during September this year.


Yousuffali MA, managing director of Abu Dhabi-based EMKE Group, which owns Lulu Hyper Markets across Gulf countries, will play a leading role in forming the new private airline. While other key stakeholders will be Government of Kerala and Gulf-based Non-Resident Indians (NRIs).


Yousuffali, who has resigned from the Air India board, is not interested for any key position in the new airline at the moment. "Position is not important, the important thing is to launch the airline as soon as possible to address travel issues of NRIs, especially based in Gulf countries," Yousuffali told


The continued hardship being faced by the NRIs, especially in the Gulf with regard to unjustified fare hikes and irregular services are main reasons behind the resignation, he said. Yousuffali has been an independent director since May 2010 in the Air India board.





Formal announcement about the new airline is expected at the inaugural 'Emerging Kerala' investment meeting, scheduled to be held from September 12. The three-day event will be inaugurated by Indian Prime Minister Dr Manmohan Singh.


The company called 'Air Kerala' was registered in India around four years ago. The new airline will follow the same model, which was adopted in forming Cochin International Airport -- the first airport in India that was constructed with private participation, outside the ambit of Airport Authority of India.


The Government of Kerala, Non-Resident Indians from over 30 countries, Travelling Public, Financial Institutions, Airport service providers and others are the major stakeholders in the Cochin airport. It is the busiest and largest airport in the state of Kerala. For the financial year 2011-12, it was the fourth busiest airport in India in terms of international passenger traffic ferrying 2.6 million passengers and seventh busiest in terms of overall passenger traffic carrying 4.7 million passengers.
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Read more: http://india.nydailynews.com/articl.../kerala-to-have-its-own-airline#ixzz21YfEzYPU

Kerala to have its own airline - Khaleej Times

 

[jbond197]

No more Govt operated Airlines, please!!

Govt have no business to be in business!!

 

[Rajaraja Chola]

Its a good move... A PPP model for an airline company... Hope they learn from AI mistakes...

 

[trinity]

We Malus will show you how its done!!!!!

 

[Fazlu]

Ras-Al-Khaimah sheikh hopes to invest in this project as well.

The proposed airline is basically meant to cater to the needs of NRI's stationed in Middle-eastern countries.

Hope it becomes a reality soon. With it, Kerala will become the first Indian state with its own airline. When you think about it--it may even be first in the world.

 

[Koovie]

Gr8 news, all the best and no delays!

 

[Nair saab]

Ohh i see for this trick Yousuffali had quite Air-India management...