New Airlines in Madurai - Air Dravida - New Airlines/Flight Investment in Madurai

New Airlines in Madurai - Air Dravida - New Airlines/Flight Investment in Madurai

Air Dravida to be set up with an initial investment of Rs 110 crore would start three flights in Chennai-Madurai sector from July end, its Executive Director Ramachandran Iyer told newspersons here last night.

He said while Rs 40 crore of the initial investment would be infused by the company promoters, the remaining Rs 70 crore would be raised through debts and private equity routes.

The airliner, a division of Premier Tours and Travels (Chennai) Pvt Ltd, within two months of its operations would add two more flights to expand its service in South India.

It is going to be 50 seater Bombardier aircraft from Chennai to Madurai.

Sourcing from Economic Times