Monday, August 15, 2016

Qatar Airways looking at stake in India's Air Costa

Air Costa is reportedly angling to sell a 26% stake but could settle for more if the price is right.
Qatar Airways had not responded for comment at the time of going to press.
Air Costa is South India's first privately-owned regional airline with its parent firm the Vijayawada-based LEPL Group conglomerate. It currently operates a modest fleet of three EMB-190s, all leased from GECAS, on regular flights to nine cities in southern as well as north-western India.
Having recently been given regulatory approval to expand its operations throughout India, Air Costa now plans to link more underserved markets with more additional metropolitan areas, as well as other secondary and tertiary business centres.
Qatar Airways has long expressed a desire to gain a foothold into the lucrative Indian market.
15/08/16 Arabian Aerospace
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