Briefing media after the first meeting of the Air Kerala Ltd’s reconstituted board of directors at the Emerging Kerala Global Connect venue here, Chief Minister Oommen Chandy said the government was going ahead with the project with the support of Prime Minister Dr Manmohan Singh. The company’s paid-up capital was fixed at Rs2bn initially, of which 74% would be offered to the public while the state government, Cochin International Airport Limited (CIAL) and the public sector entities will hold 26%. The airline will operate on leased aircraft. Chandy, who is also chairman of the company, chaired the meeting attended by

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