Vijayawada-based regional carrier Air Costa plans to become a pan-India player by the first quarter of next fiscal as it looks to target smaller towns and cities. It is also looking to fly international routes by 2018.
Speaking on the occasion of its first anniversary, Ramesh Lingamaneni, chairman, said, "We are looking at operating pan-India flights by the first quarter of the next fiscal. We have submitted our application for securing a pan-India flying licence to the Directorate General of Civil Aviation (DGCA).’
The DGCA is expected to give its approval next month. It has extended the airline's operator permit (AOP) for another four years, from September 2014 to 2018, he said. To fund its expansion plans, Air Costa will be soon be de-merged from its holding company, the LEPL group, into a separate company. It is likely to explore an IPO as well.
17/10/14 BV Mahalakshmi/Financial Express
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Speaking on the occasion of its first anniversary, Ramesh Lingamaneni, chairman, said, "We are looking at operating pan-India flights by the first quarter of the next fiscal. We have submitted our application for securing a pan-India flying licence to the Directorate General of Civil Aviation (DGCA).’
The DGCA is expected to give its approval next month. It has extended the airline's operator permit (AOP) for another four years, from September 2014 to 2018, he said. To fund its expansion plans, Air Costa will be soon be de-merged from its holding company, the LEPL group, into a separate company. It is likely to explore an IPO as well.
17/10/14 BV Mahalakshmi/Financial Express
