Indian start-up Air Costa to begin operations on 14 October

Singapore
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Indian start-up carrier Air Costa will begin operations on 14 October.

The airline will launch services with two Embraer 170 aircraft leased from ECC Leasing, says an official. She adds that the carrier plans to operate regional services from Vijayawada to cities such as Bengaluru and Hyderabad, and also to destinations in other tier II and III cities.

Media reports in India quote Air Costa's chairman L Ramesh saying that the airline will take delivery of two E190s in November, and plans to expand its fleet to 25 aircraft by 2018. Flightglobal's Ascend Online Fleets database shows that the two 2013-vintage E190s are owned by Celestial Aviation Trading 14 Ltd and managed by GE Capital Aviation Services.

The reports add that parent company LEPL intends to inject $100 million into the carrier in the initial two years, before making a subsequent $500 million investment over 15 years. LEPL is a Vijayawada-based conglomerate with investments in the property, healthcare, renewable energy, education and hospitality sectors.

The Ascend Online database also shows that as of 10 October, the carrier has an order for an E190, in addition to the four E170s and E190s it plans to operate.