Hyderabad: As a young boy growing up in Vijayawada, Ramesh Lingamaneni fell in love with planes, especially the ones that flew high over his house. While most childhood obsessions eventually pass, Lingamaneni's did not.
But when the 42-year-old launched Air Costa to connect towns in the south to Chennai and Hyderabad last July, it took even his closest friends by surprise. After all, airlines is a ruthless industry where even those with very deep pockets struggle.
Lingamaneni, however, said his decision to enter the industry is based as much on sound business logic as it is on his fascination for the flying objects. The scion of Lingamaneni Estates group (now rechristened LEPL) saw a gap in the sector after the Vijay Mallya-owned Kingfisher Airlines ran into trouble.
25/02/14 Economic Times
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But when the 42-year-old launched Air Costa to connect towns in the south to Chennai and Hyderabad last July, it took even his closest friends by surprise. After all, airlines is a ruthless industry where even those with very deep pockets struggle.
Lingamaneni, however, said his decision to enter the industry is based as much on sound business logic as it is on his fascination for the flying objects. The scion of Lingamaneni Estates group (now rechristened LEPL) saw a gap in the sector after the Vijay Mallya-owned Kingfisher Airlines ran into trouble.
25/02/14 Economic Times
