Wednesday, August 16th, 2006

Thiruvananthapuram – Chief Minister V.S.Achuthanandan Wednesday said that Air-Kerala would soon become a reality.

‘The project has not been shelved. We are pursuing it in the right earnest and we are certain that it would become a reality,’ Achuthanandan told reporters after the weekly cabinet meeting.

Air-Kerala was a dream project of the previous Oommen Chandy government. It had formed a company with a share capital of Rs.200 million. It was decided at the first board meeting that Rs.148 million of the share capital would be open to public for subscription.

To begin with 250,000 people were to be given shares between Rs.5,000 to Rs.10,000. The number of shareholders was to be increased to 1 million later, making it the world’s biggest company of shareholders.

But the central government will have to relax some rules to enable its take-off. According to rules, for any airline to go international it has to have 20 aircraft and a five-year operation period in the domestic sector.

‘I have brought this to the prime minister’s notice and we expect to hear from him soon,’ Achuthanandan added.