Air Costa (Vijayawada) has signed a definitive agreement with Embraer for a firm order for 50 E-Jets E2s with an additional 50 purchase rights. The acquisition is a mix of 25 E190-E2s and 25 E195-E2s and has an estimated value of $2.94 billion based on 2014 list prices. The purchase rights are for an additional 25 E190-E2s and 25 E195-E2s, bringing the total potential order to up to 100 aircraft and can reach $5.88 billion if all are exercised. This transaction raises the total E-Jets E2 orders to 200 firm and 200 options/purchase rights since the launch of the E2 program, in June 2013.
Air Costa has become the first customer of E-Jet E2s in the Indian market and will take delivery of the E190-E2 in 2018. The E195-E2 is scheduled to enter service in 2019. Today, the airline flies four E-Jets: two E170s and two E190s.
Air Costa is currently connecting cities in southern India such as Bangalore, Chennai, Hyderabad and Vijayawada, as well as key secondary cities in the North and Northwest of the country. The airline plans to link underserved markets with more direct flights, increasing frequencies and routes, thus serving growing metropolitan areas, as well as key secondary and tertiary business centers.
Air Costa’s E2s will feature new-design cabins with an even higher standard of comfort and more personal space. The E190-E2 will be configured with 98 seats in dual class layout, with six seats in first class, and the E195-E2 with 118 seats, with 12 seats in the first class.
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of two new leased Embraer ERJ 190 aircraft to Air Costa, a new Indian airline focused on regional operations.
Air Costa (Vijayawada) is promoted by the LEPL Group – a major urban infrastructure player in India. Air Costa started operations on October 14, 2013 and currently flies to six destinations in India (see route map below).
Air Costa (Vijayawada, India) today (October 14) launches scheduled passenger flights on regional routes in India.
In June 2013 Embraer announced the new carrier has acquired three E-Jets for launch of its scheduled regional airline service in India. Two Embraer 170s were acquired from ECC Leasing, Embraer’s wholly-owned subsidiary in order to commence operations today. The new carrier has also purchased one new Embraer 190 from Embraer.
“Air Costa has chosen E-Jets for their efficiency and reliability. Our plan is to link underserved markets in India with more direct flights,” said Captain Babu, CEO of Air Costa. “The E170 and E190 are ideal in size and range. We can add frequencies and routes without adding too much capacity, thus serving places with seasonal demand, as well as key secondary and tertiary business centers.”
Air Costa will initially connect cities in southern India such as Bangalore, Chennai, Hyderabad and Vijayawada, as well as key secondary cities in the north and northwest of the country.
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Air Costa (Vijayawada, India) has acquired three E-Jets for the launch of its scheduled regional airline service in India. Two Embraer 170s have been arranged from ECC Leasing, Embraer’s wholly-owned subsidiary. The new carrier has also purchased one new Embraer 190 from Embraer. The firm order is already included in Embraer’s backlog as an “undisclosed” customer.
Air Costa today said it is in the process of getting final approvals from the Directorate General of Civil Aviation (DGCA) and would launch operations in July 2013.
The no-frills Air Costa will initially fly to Bangalore, Chennai, Hyderabad and Vijayawada as well as key secondary cities in the north and northwest of the country.
The new operator had initially planned to launch operations using five Bombardier Q400s.
Copyright Photo: Air Costa. Formerly operated by Gulf Air as A9C-MA, Air Costa will lease this Embraer ERJ 70-100LR G-CHJI (msn 17000278) from ECC Leasing Company as VT-LSR.