India to get first cooperative sector airline, says Kerala CM Satheesan
Reported by Economic Times Industry, not nibnow. We are not the publisher of this story, only the source is.
The approval could introduce a new airline model in India, potentially expanding flight options and demonstrating how cooperative enterprises can operate in the aviation sector.
Keralam government has given approval for the cooperative sector to initiate flight services in India. Chief Minister V D Satheesan announced this during the silver jubilee celebration of the Calicut City Service Cooperative Society. C N Vijayakrishnan will lead the flight services project, which aims to showcase the potential of Keralam's cooperative sector.
Cooperative sector enterprises are member-owned organizations that operate for the benefit of their members rather than profit, and an airline run as a cooperative would be a first in India, marking a novel approach in a heavily regulated industry.
- •Follow announcements on the timeline for the airline's launch
- •Monitor regulatory steps required for a cooperative to obtain an air operator's certificate
- •Watch for updates on the project's funding and fleet acquisition plans