Kozhikode, Oct 26: The Kerala government has granted permission to the Kerala Civil Aviation Development Cooperative Society to launch flight services, Chief Minister V. D. Satheesan announced on Sunday, saying flight services will be started "for the first time in India" by the cooperative sector, PTI reported.
Source: The Hindu BusinessLine (PTI)
Satheesan made the announcement while inaugurating the silver jubilee celebrations of the Calicut City Service Cooperative Society in Kozhikode. The project will be spearheaded by MVR Cancer Centre chairman C. N. Vijayakrishnan, he said.
Source: The Hindu BusinessLine (PTI)
"Just like Air India and Indigo, he (Vijayakrishnan) has been granted permission to start an airline by the cooperative sector. A team that made the MVR Cancer Centre and the Calicut City Service Cooperative Society a success will work with him to start it," Satheesan said. "Then we will show the world this is Keralam's cooperative sector," he added.
Source: The Hindu BusinessLine (PTI)
The Chief Minister also said the government would guarantee the money deposited by people in the cooperative sector, and that depositors in cooperative banks should receive the same assurance as those who invest in nationalised and scheduled banks. He congratulated the Calicut City Service Cooperative Society for its charity and development work and called the cooperative movement the backbone of the state's rural and urban economies, saying the expansion of cooperative societies into more development initiatives signalled progress.
Source: The Hindu BusinessLine (PTI)
Satheesan said the government had put money into the hands of ordinary people and the poor during this year's Onam season and that the increased spending had boosted the economy; he further claimed the government had recorded its highest-ever monthly revenue since the introduction of the Goods and Services Tax (GST) last month — a claim made by the Chief Minister at the event. He also warned that the government would not tolerate corruption in cooperative societies and that those who embezzle the hard-earned money of common people should be behind bars.
Source: The World Opinion
No launch date, airline name, proposed routes, fleet or regulatory clearances were announced. Reports of the announcement said further details on the airline's launch schedule, fleet, routes, financing and regulatory clearances are still awaited, and those details will decide how the first-of-its-kind venture takes shape.
Source: TradingView News
MLA Advocate Faisal Babu presided over the programme, and Premaa Manoj, president of the Calicut City Service Cooperative Society, felicitated the Chief Minister with a shawl.
Source: The World Opinion