Hyderabad-based Turbo Megha Airways became the fourth company to receive flying licence from aviation regulator DGCA in the past two years to launch a regional airline.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits.
SpiceJet, IndiGo, Jet Airways, Alliance Air, and Turbo Aviation are among the operators that have bagged the routes in the third round.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
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