Middle Eastern investors eye stake in India's Air Pegasus

Managing director of India's Air pegasus, Shyson Thomas, said several Gulf carriers have expressed a keen willingness to acquire a stake in the start-up carrier, reports ch-aviation.
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Following the arrival of its third ATR72-500, cn 743, on lease from Nordic Aviation Capital (NAC), Air Pegasus is in the process of raising INR2 billion (USD30 million). The added capital will be used to source four more leased ATR72-500s by the end of the year.

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