Air Costa Goes Pan India, In The Process of Stake Sale

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Air Costa, AP’s most flown proud airliner is all set to fly its wings throughout the country. The air carrier that is often reckoned for quality service has now secured a pan-India operator permit from aviation regulator DGCA. This puts Air Costa straight in the top league of national budget carriers such as SpiceJet, IndiGo, GoAir and AirAsia India.

This is not all. The air carrier is also in advanced stages of discussions with foreign carriers, including those from the Gulf. The plan is to go for a possible stake sale. This would enable the Vijayawada-based airline to spread its wings.

It is said that Costa is also in the process of sealing a deal for the leasing of six aircraft from GE Capital Aviation Services of Singapore, which is expected to be in place by this month, as confirmed by the CEO, Vivek Choudhary.

Currently, Air Costa operates from eight airports, mainly in southern India with a fleet of three Embraer 190 aircraft. The regional carrier plans to induct its fourth Embraer this month.

“We are in talks for (stake sale), which are in advanced stages, with carriers from the Gulf and an airline from Southeast Asia,” Choudhary said, adding the quantum of stake to be diluted has not been decided yet.

The top Air Costa official said securing a national flying permit would boost the airline’s prospects of taking a foreign partner on board.

Source – Diligentia



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My City · Vijayawada
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