Air Pegasus was an Indian regional airline headquartered in Bangalore and based at Kempegowda International Airport. The airline was a subsidiary of Decor Aviation, an aircraft ground-handling services company. It commenced operations on 12 April 2015 with its inaugural flight between Bangalore and Hubli. The airline suspended operations on 27 July 2016, facing financial difficulties. At that time, Air Pegasus was serving eight airports across South India with a hub at Kempegowda International Airport in Bangalore, using a fleet of three ATR 72-500 aircraft. Their flying licence was suspended by DGCA on 22 November 2016. Managing director Shyson Thomas stated in late 2017 that Air Pegasus would return to the skies in early 2018, as the company had formed a relationship with Dawn Aviation and was about to settle all of its debts. Several cases have been filed against Air Pegasus chairman Shyson Thomas, Shyna Thomas and son Ashwin Thomas who was managing director. Till date no debts have been cleared and Air Pegasus office has been vacated from its MG road address. [citation needed] More information...
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