http://timesofindia.indiatimes.com/city ... 002171.cms Realtor all set to float new airline Air Costa
VIJAYAWADA: The Vijayawada-based Lingamaneni group, which has interests in the realty and infrastructure business on Wednesday announced the launch of a new airline, Air Costa.
Lingamaneni Estates Private Ltd, popularly known as LEPL, said that it had secured the go-ahead from the Union civil aviation ministry to operate flights in the southern part of the country. Air Costa could be the first airliner in the country to operate on the regional routes, particularly in tier-II cities like Vijayawada, Visakhapatnam and Tirupati. The new airlines will be headquartered at Vijayawada with the corporate offices located in Hyderabad.
According to company chief executive Captain NB Kakarala, the upcoming airline will begin with five flights initially He said that the company had plans to link most tier-II cities in south India through their airline. The first aircraft will take off some time in May or June. He, however, did not reveal the volume of investment nor whether it was a joint venture.
