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Air Costa smells the coffee; gets pan-India license from DGCA
Regional carrier Air Costa, which was facing cash problems recently, said Monday it has received a pan-India license from the Directorate General of Civil Aviation.
Until now the airline operated with a regional license which allowed him to do only regional routes within the country. It couldnt operate to metro cities outside the region it was operating in.
“Now we will still do smaller cities but connect them to larger cities, like Tirupati-Delhi/Mumbai,” Vivek Choudhary, CEO of Air Costa told ET.
In the official statement, he said the airline’s immediate focus now is adding aircraft and expanding operations.
The airline currently covers eight destinations including Vijayawada, Bengaluru, Chennai, Hyderabad, Jaipur, Ahmedabad, Tirupathi, and Vizag.
The airline has been operating for the last three years. It has recently been facing a major cash crunch, forcing it to delay salaries to employees. Before that, it had to ground operations for a day following problems with leasing company GE Capital Aviation Services (GECAS). There were rumours of fund raising which the airline spokesman denied.
On Monday Choudhary said there are is no fundraising proposition yet.
Air Costa operates with Embraer E190 jets and Chaudhary said the airline will stick to that fleet type for now. Jason Zucker Authentic Jersey
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