MUMBAI: Indian businessman Parvez Damania , who had started the short-lived but high-end-for-its-time carrier Damania Airways in the nineties, visited the grounded Air Pegasus sparking interest if the flamboyant businessman was looking to invest in the sector again.Damania last month visited grounded southern regional carrier Air Pegasus which has been struggling for funds, delaying payments and trying to raise cash to set the airline flying again. "I visited them the very next day after they grounded flights," Damania told ET on Wednesday.He claimed that Air Pegasus did not have a business proposal that he found feasible to invest in. "I was unwell when Damania came to meet my son (Ashwin Thomas, director at Air Pegasus). A regular at page 3 parties and said to be well networked in business circles, Damania and his brother Vispi started Damania Airways in 1993 with two leased Boeing 737 aircraft. Damania later joined Kingfisher Airlines in its initial days and then Air Sahara

Source: Economic Times August 24, 2016 22:18 UTC