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How much money do you need to start an airline company in India?

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How much money do you need to start an airline company in India?

How about starting your own airline? All you need is Rs 10 crore (€1,833,840, US$2,168,257) in paid-up capital to start a regional airline with an aircraft of less than 80 seats.

Is airline business profitable in India?

The Indian domestic private airline operator Go Air made a profit of around 727 million Indian rupees in financial year 2019. Most of the major domestic private airlines suffered loss. The biggest loss was suffered by Vistara, a joint venture of Tata and Singapore Airlines, of around 9 billion rupees.

Which airline is profitable in India?

IndiGo was the only scheduled domestic passenger carrier to have made profits in FY 2019-20 — Rs 1,626.06 crore — preceded by a loss of Rs 490.43 crore in FY 2018-19. Vistara had losses worth Rs 1,563.28 crore in FY 2019-20 and Rs 900.47 crore in FY 2018-19.

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Can Tata buy Air India?

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for ₹18,000 crore. The deal also includes the sale of Air India Express and ground handling arm AISATS.

How do I start an airline in India?

Thanks for A2A. To start an airline in India, the first step is to register the company and apply for an NOC to the Ministry of Civil Aviation, following are the pre-requisites for applying to an NOC:

How much does it cost to start an airline?

In another example, Adel Ali, CEO of Air Arabia Maroc, says it takes from $50 million to $200 million to start an airline, depending on the size and where you operate, writes Derhally.

What are the requirements to start a private jet business in India?

The type of aircraft proposed to be used and its suitability in the indian market along with the business model is to be declared. Bankers certificate or CA certificate certifying that the company has a paid up capital of 30 crores (upto three aircraft) if operating aircraft with All Up Weight more than 40000Kgs.

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What do you need to start an airline?

Funding Required Starting an airline requires a sizable investment for completing the certification process, leasing or purchasing planes, recruiting, training and paying personnel and paying for gate space at various airports. You also need to promote flights and set up a reservation system.