Hello everyone this is Ramkumar one of the founders of monarch airways a new and upcoming airline which will begin its operations very soon and which will connect regional cities within India and its neighboring countries. My airline would be a low cost carrier with no frills attached. We have registered our airline with the aviation regulatory authority and we are expecting to take to the skies at the earliest possible time.

Board

There will be around ten board members including me who will be part of the core management team. I will be the CEO of the company and look after day-today operations of the airline.

Base

We will be based in Chennai and will have our hub at Delhi airport for north India region. We will have our MRO at the bengaluru airport and we will have our sales offices at all major cities in the country.

Inventory

To begin with, we will be buying 10 wide-bodied Boeing A320s for our initial operations and thereafter we expect to expand our inventory by purchasing more planes in the near future.

Paid up Capital

Monarch Airways will authorize 20,000,000 shares of common stock. 1,000,000 shares are to be set aside to be divided among key staff members. It is also expected that the management team would have suitable options to buy shares once operations commences. It is expected that founders share and stock options will not be more than 15% of authorized shares.

Competitors

We know that there are other similar airlines operating in Indian skies, as a result we will be competing with other low cost carriers like Go airlines and Vistara to begin with. Our competitors would be our role models and we expect to match them systematically in our Endeavour to become the preferred carrier in the years to come.

Recruitment policy

We have a zero tolerance towards racism and we intend to recruit industry veterans and candidates with an aviation and hospitality degree. We will also be recruiting overseas pilots and staff for cabin crew positions in order to gain plethora of experience and skills they bring with them. We expect our employees to be excellent service providers and brand ambassadors of the airline

Mission

Our mission would be simple: to capture a market share of 10% within first three years of operations. However, it seems to be bit difficult given the situation right now but we strive to achieve what we have envisaged.

Vision

We have a vision that is clear and simple. We have the ambition to become a leading low cost carrier in India and to start overseas operations five years down the line.

Therefore, that is it. This is our business plan about our newly formed airline. We envisage that the investors would like our business plan and put their money in with full confidence and faith. We can assure that our investors and the public will have utmost authority to question any wrongdoing and the freedom to grill the management team since we have the motive of serving the people with utmost dignity and perseverance.