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Shankh Air cleared for takeoff by aviation ministry, awaits final DGCA approval

Shankh Air is set to become UP’s first scheduled airline, with operational hubs planned in Lucknow and Noida.

September 24, 2024 / 18:24 IST
Shankh Air, originating from Uttar Pradesh, is set to become the state’s first scheduled airline, with operational hubs planned in Lucknow and Noida.

Uttar Pradesh-based Shankh Air could be the latest entrant into Indian aviation space as it got approval from ministry of civil aviation and awaits clearance from the Directorate General of Civil Aviation (DGCA).

In its approval letter, the ministry emphasized that Shankh Air must comply with regulations regarding Foreign Direct Investment (FDI) and SEBI norms. The No Objection Certificate (NOC) granted to the airline remains valid for three years.

This development comes amid growing competition in India’s aviation sector, as Air India recently gained market share, while SpiceJet and Akasa Air saw decline. Domestic air traffic in August 2024 increased by 5.7 percent year-on-year, reaching 1.31 crore passengers, although it dipped slightly compared to the previous months.

Shankh Air, originating from Uttar Pradesh, is set to become the state’s first scheduled airline, with operational hubs planned in Lucknow and Noida. The carrier will operate a fleet of Boeing 737-800NG aircraft, connecting underserved domestic routes.

The airline, owned by entrepreneur Sharvan K Vishwakarma, has proposed to start flight from the upcoming Noida Airport from October 2025.

Moneycontrol News
first published: Sep 24, 2024 05:55 pm

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