Air Pegasus (PPL, Bangalore Int'l) is planning to resume scheduled passenger flights by November 15 airline Managing Director Shyson Thomas has said.

In a response to a show-cause order filed with the Indian Directorate General of Civil Aviation (DGCA), Thomas said he was hoping to source an ATR72-500 in the coming weeks to facilitate a resumption of operations.

Air Pegasus suspended all flights in August after liquidity constraints affected its ability to pay lessors Elix Aviation Capital and Nordic Aviation Capital for the use of three ATR72s.

According to The Hindu newspaper, Thomas said he had been able to work out a deal with one of the firms wherein Air Pegasus would pay off its debt through a system of installments. However, despite an initial agreement, he claimed the lessor later reneged and withdrew its aircraft thus putting the airline in a quandary.

Prior to the suspension of operations, Air Pegasus ran scheduled passenger flights throughout Southern India.