Air Costa Explained

Airline:Air Costa
Iata:LB[1]
Icao:LEP
Callsign:LECOSTA[2]
Commenced:15 October 2013
Ceased:28 February 2017
Bases:Chennai International Airport
Fleet Size:0
Destinations:0
Parent:LEPL Group
Headquarters:Vijayawada, Andhra Pradesh, India
Key People:
    • LVS Rajasekhar MD
  • Vivek Choudhary CEO
Num Employees:800[3]
Website: (now defunct)

Air Costa was an Indian regional airline headquartered in Vijayawada and based out of Chennai International Airport. It was owned by Indian business company LEPL Group. The airline commenced operations as a regional airline in October 2013 using two Embraer E-170 aircraft, with the first flight taking off from Chennai on 16 October 2013. The airline received a permit for pan-India operations in October 2016. The airline focused on connectivity between tier II and tier III cities in the country, and invested as of 2015. Air Costa operated 32 daily flights to nine destinations from its focus cities Chennai and Vijayawada as of 2015. The airline had a maintenance center in Chennai. On 28 February 2017, it suspended operations until further notice.

History

Air Costa was owned by Indian business company LEPL Group.[4] The airline received a No-Objection Certificate (NOC) from the Ministry of Civil Aviation in February 2012.[5] The airline initially planned to start operations with a fleet of Q400 aircraft but later announced its decision to acquire Embraer Jets at the Paris Air Show in June 2013.[6] Air Costa received its Air Operators' Permit (AOP) from the Directorate General of Civil Aviation (DGCA) in September 2013.[7]

The airline commenced operations as a regional airline in October 2013 using two Embraer E-170 aircraft with the first flight taking off from its hub at Chennai on 16 October 2013.[8] [9] [10] [11] The airline focused on connectivity between tier II and tier III cities in the country and has invested as of 2015.[4]

Air Costa ordered 50 Embraer E-Jets E2 aircraft worth during the Singapore Airshow on 13 February 2014.[3] Embraer has cancelled the order. The airline would have become the Asian launch customer for the type if it would have taken the first delivery in 2018 as planned.[12]

In September 2015, Air Costa, which held a regional airline's license, applied to the aviation regulator DGCA for its license to be upgraded to that of a national airline.[13] Air Costa received a no-objection certificate from the civil aviation ministry for pan-India operations on 19 December 2015.[14] [15] [16] [17] Two Embraer E-190s were added by September 2015.[18] Air Costa added one more E-190 in December 2015 and had plans to add three to five E-190 aircraft in its fleet in 2016.[19] The airline had a 0.8% market share in the Indian domestic airline market as of February 2016.

On 28 February 2017, Air Costa suspended operations until further notice stating financial difficulties regarding the lease of aircraft.[20] GECAS seized two of the airline's leased aircraft, while a third had already been returned to the lessor.[21]

Destinations

Air Costa was flying to the following destinations in India at the time it suspended operations:[20]

StateCityAirportNotes
Andhra PradeshTirupatiTirupati Airport
Andhra PradeshVijayawadaVijayawada Airport
Andhra PradeshVisakhapatnamVisakhapatnam Airport
GujaratAhmedabadSardar Vallabhbhai Patel International Airport
KarnatakaBangaloreKempegowda International Airport
RajasthanJaipurJaipur International Airport
Tamil NaduChennaiChennai International Airport
Tamil NaduCoimbatoreCoimbatore International Airport
TelanganaHyderabadRajiv Gandhi International Airport

Fleet

Prior to suspending operations in February 2017, the Air Costa fleet consisted of the following aircraft:[22]

Air Costa fleet
AircraftIn serviceOrdersPassengersNotes
JYTotal
Embraer 1903[23] 10112112Order cancelled by GECAS
Embraer 190-E22569298Supposed to be the Asian launch customer[24]
Embraer 195-E22512106118Supposed to be the Asian launch customer
Total 0[25] 51

External links

Notes and References

  1. Web site: Air Costa . ch-aviation . 4 March 2017.
  2. Web site: JO 7340.2G Contractions . . 5 January 2017 . 4 March 2017 . 3-1-61.
  3. News: Air Costa to add 2 E-190s in 2015. Swati. Rathor. 25 March 2015. 14 April 2016. Times of India.
  4. News: LEPL to invest Rs 600 cr in Air Costa. 14 April 2016. 16 October 2013. Business Standard.
  5. News: Air Costa to be launched soon. 14 April 2016. 23 February 2012. The Hindu.
  6. India's Air Costa Acquires three E-Jets. June 2013. 14 April 2016. Embraer.
  7. News: Air Costa gets DGCA permit . 20 September 2013. 16 October 2013. Business Standard.
  8. News: Air Costa takes off to connect towns. 14 April 2016. 16 October 2013. Deccan Chronicle. https://web.archive.org/web/20160927191117/http://archives.deccanchronicle.com/131009/news-businesstech/article/air-costa-takes-connect-towns. 27 September 2016. dead.
  9. News: Air Costa takes off from Chennai today. 14 April 2016. 16 October 2013. The Hindu.
  10. News: First Air Costa flight flagged off by Kiran. https://web.archive.org/web/20131017151253/http://newindianexpress.com/cities/hyderabad/First-Air-Costa-flight-flagged-off-by-Kiran/2013/10/16/article1837590.ece. dead. 17 October 2013. 14 April 2016. 16 October 2013. New Indian Express.
  11. News: Air Costa, India's newest airline, takes flight today. 14 April 2016. 16 October 2013. Business Today.
  12. News: Embraer clinches bln India deal with Air Costa. 14 February 2014. 30 May 2015. Reuters.
  13. News: Regional airlines now pitch for a national licence. The Economic Times. 8 September 2015. 8 September 2015.
  14. News: Air Costa gets aviation ministry approval for pan-India operations. TE. Narasimhan. Business Standard. 25 December 2015. 14 April 2016.
  15. News: Air Costa secures NoC for pan-India flights. PR. Sanjai. 14 April 2016. 19 December 2015. Live Mint.
  16. News: India's domestic passenger demand up 25 percent: IATA. Business Standard. 6 April 2014. 14 April 2016.
  17. News: Air Costa receives a no-objection certificate. The Economic Times. 20 December 2015. 8 September 2015.
  18. News: Air Costa to add 2 E-190s in 2015. The Times of India. 14 April 2016. 6 April 2015.
  19. News: Air Costa plans to raise funds through stake sale; to add three more Embraer aircraft. The Economic Times. 14 April 2016. 5 May 2015.
  20. Web site: India's Air Costa suspends operations. ch-aviation.com. 28 February 2017.
  21. News: Grounding instead of expansion to 100 aircraft. aerotelegraph.com. 3 March 2017.
  22. https://www.planespotters.net/airline/Air-Costa planespotters.net - Air Costa Fleet Details and History
  23. Web site: DGCA deregisters 2 aircraft of Air Costa. Times of India. 24 March 2017.
  24. India's Air Costa places a firm order for 50 E-Jets E2s. 14 April 2016. Embraer. https://web.archive.org/web/20160402191233/http://www.embraer.com.br/en-US/ImprensaEventos/Press-releases/noticias/Pages/Air-Costa%2C-da-India%2C-faz-pedido-firme-para-50-E-Jets-E2.aspx. 2 April 2016. dead.
  25. Web site: DGCA deregisters 2 aircraft of Air Costa. Times of India. 24 March 2017.