While this year’s Budget did not roll out massive packages for the airline industry, it did offer some consolation in the form of plans to develop 160 non-functional airports at a cost of Rs 50-100 crore each, along with 10 of 25 defunct airstrips, in partnership with state governments.
Talking to Deccan Herald, Air Costa Chairman Ashok Lingamaneni said, “It is a good move. A major part of the growth in Indian aviation and the actual economic growth of the country is stemming from the smaller cities and towns. If we are able to connect a significant number of these small towns, I think the economy will see greater growth.”
Vijayawada-based Air Costa is a regional airline that is bullish on expanding its network. “Our long-term plan will be to extend our current philosophy of connecting the metros to smaller towns and cities at a pan-India level. We believe that the market for 80-120 seats (the airline flies Brazilian Embraer aircraft) is the fastest growing segment, and will dominate the aviation space in the coming years, as we see the demand for air travel increasing in more tier II and tier III cities,” Lingamaneni added.
05/03/16 Hrithik Kiran Bagade/DHNS
To Read the News in full at Source, Click the Headline
Talking to Deccan Herald, Air Costa Chairman Ashok Lingamaneni said, “It is a good move. A major part of the growth in Indian aviation and the actual economic growth of the country is stemming from the smaller cities and towns. If we are able to connect a significant number of these small towns, I think the economy will see greater growth.”
Vijayawada-based Air Costa is a regional airline that is bullish on expanding its network. “Our long-term plan will be to extend our current philosophy of connecting the metros to smaller towns and cities at a pan-India level. We believe that the market for 80-120 seats (the airline flies Brazilian Embraer aircraft) is the fastest growing segment, and will dominate the aviation space in the coming years, as we see the demand for air travel increasing in more tier II and tier III cities,” Lingamaneni added.
05/03/16 Hrithik Kiran Bagade/DHNS
