Deregistration of aircraft would mean that the airline will not have any aircraft to operate their flights. The airline had suspended operations in July this year due to delay in payment of aircraft lease to lessors.
Shyson Thomas, managing director at Air Pegasus, told ET that the company is looking at two aircraft to restart its operations. His other company, Decor Aviation provides ground-handling services across 11major airports in India.
Air Pegasus started operations last April after getting the operators permit from the aviation regulator on March 24.
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