Vijayawada-based Air Costa to launch airline services in July
Air Costa, the first-ever domestic airlines based out of Andhra Pradesh, is gearing up to commence its operations in a month in July. The no-frills...
Air Costa, the first-ever domestic airlines based out of Andhra Pradesh, is gearing up to commence its operations in a month in July. The no-frills airlines promoted by Vijayawada-based LEPL Group will initially operate to Bangalore, Chennai, Hyderabad and Vijayawada, besides secondary cities in North and North Western parts of the country.
The airlines which will have its maintenance base and head quarters in Vijayawada has already acquired three aircraft � two taken on lease and one purchased by the company. Air Costa said in a statement that these aircraft had landed in the Vijayawada and the company was in the process of obtaining final approvals from the aviation regulator DGCA. However, investments details of the venture were not announced.
"Air Costa has chosen the state-of-the-art Embraer E-Jets for their efficiency and reliability. Our plan is to link underserved markets in India with more direct flights. Air Costa plans to operate flights to six stations initially," said Capt. K N Babu, CEO, Air Costa. Ramesh Lingamaneni, Chairman and Managing Director, Air Costa, maintained that there was lot of potential for regional air services in the country, especially in South India.
"We are committed to further growth in the Indian market by undertaking additions to our fleet and launchings new routes over medium term," he added.
Ramadorai now AirAsia India Chairman Hyderabad: S Ramadorai, a former chief executive at Tata Consultancy services, has been appointed as the chairman of the chairman of AirAsia India. "I would like to confirm Mr Ramadorai as chairman of AirAsia India. A giant of Indian industry, a great thinker, Man from the south," AirAsia group CEO Tony Fernandes said on Twitter.
The announcement comes a day after the company appointed former Tata group chairman Ratan Tata as the chief adviser to the AirAsia board. "That completes our team - Advisor, Chairman, CEO and board. Quite a heavyweight team for super exciting Airasia India," another Tweet from Fernandes said.
Jet-Eithad deal hits air pocket Mumbai (Agencies): Rs 2,000 crore Jet-Eithad deal entered to sell 24 per cent stake of Naresh Goyal to Etihad Airways appears to have run into bad weathers. According to source in Civil Aviation ministry, the department has raised concerns on two grounds. One, Etihad Airways has indicated that some departments of business would be relocated to Abu Dhabi once stake sale is over. Two, the recent filing is silent about the number of Indian directors on the board.
Similarly, even corporate affairs ministry also raised Etihad's right to nominate three directors on the board and deciding vice-chairman even being a minority shareholder in the company.