Air Costa suspends all flights until March 15
Cash-strapped regional airline Air Costa has suspended its operations till March 15 for operational reasons, said a company official Monday. The 3-year-old feeder airline was operating daily service to 8 cities, including 6 in the southern region - Bengaluru, Chennai, Hyderabad, Tirupathi, Vijayawada and Vizag and 2 in the western region - Ahmedabad and Jaipur. "We have grounded our 2 Embraer aircraft. We are talking to investors for infusion of investments as we are facing a fund crunch," admitted Costa VP Kavi Chaurasia. Though the airline had 4 Embraer jets with a capacity to fly 112 passengers in each of them, 2 are stalled at Hyderabad airport after they were impounded by GE Capital Aviation Services for defaulting on payments. The carrier has about 600 employees. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-03-08/unaligned/air-costa-suspends-all-flights-until-march-15
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Air Costa suspends all flights until March 15
Cash-strapped regional airline Air Costa has suspended its operations till March 15 for operational reasons, said a company official Monday. The 3-year-old feeder airline was operating daily service to 8 cities, including 6 in the southern region - Bengaluru, Chennai, Hyderabad, Tirupathi, Vijayawada and Vizag and 2 in the western region - Ahmedabad and Jaipur. "We have grounded our 2 Embraer aircraft. We are talking to investors for infusion of investments as we are facing a fund crunch," admitted Costa VP Kavi Chaurasia. Though the airline had 4 Embraer jets with a capacity to fly 112 passengers in each of them, 2 are stalled at Hyderabad airport after they were impounded by GE Capital Aviation Services for defaulting on payments. The carrier has about 600 employees. <br/>
