Aviation News Online

Air Costa

  • Air Costa halts flights, seeks investors
    Posted in: Airline, Zone: Asia/Pacific
    Date: March 6, 2017

    Last week Air Costa halted flights after finally succumbing to losses of Rs130 crore on revenue of Rs327 crore and operating expenses of Rs457 crore in 2015-16. The airline, which has never reported a profit, has halted all bookings and is reported to be seeking investors. The carrier, which has 600 employees, has not paid […]