Hyderabad-based Air Costa all set to take wings from October 14

To begin with, it will fly to two destinations — Bangalore and Chennai

Published: 09th October 2013 06:00 AM  |   Last Updated: 09th October 2013 01:34 AM   |  A+A-

Vijayawada-based Lingamaneni Estates and Projects Ltd (LEPL), promoter of regional airline — Air Costa — on Tuesday said it will commence operations from October, 14.

The airline will fly to two destinations namely Bangalore and Chennai and the fares are expected to be competitively priced upwards of Rs 3,000.

The announcement comes at a time when Vijayawada, the airline’s headquarters, is under fire, thanks to the political turmoil over bifurcation of Andhra Pradesh and Telangana.

“It’s a conscious decision to fly at times like this when the aviation sector is under stress. But we do believe the market has growth potential,” said Ramesh Lingamaneni, MD, LEPL.

LEPL, with maintenance base in Chennai, has earmarked $100 million to expand operations over the next few quarters. It has invested Rs 150 crore so far.

The budget carrier, which has two Embraer E-170 jets (with a seating capacity of 67 each) in possession currently, is planning to add two more E-190 jets next month, 10 E-190 jets by end of 2014 and 25 jets by 2018. Initially, the airline will connect cities including Bangalore, Chennai, Vijayawada, Ahmedabad and Jaipur. Subsequently, it is slated to expand to Pune, Visakhapatnam, Goa, Mysore and Trivandrum.

In the next two years, the company has chalked out plans to set up a Maintenance, Repair and Overhaul (MRO) facility in Gangavaram airport exclusively for Embrarer jets.

According to Air Costa, domestic air traffic is growing at a CAGR of 20 per cent and is projected to have 70 million passengers by 2014.

Besides aviation, LEPL is into urban infrastructure, renewable energy, hospitality, education and entertainment.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp