Vijayawada-based airline Air Costa is on the verge of becoming history after the Directorate General of Civil Aviation (DGCA) under Civil Aviation Ministry suspended its flying license as it did not operate its flight for the last three months. The airline had a 0.8% market share in the Indian domestic airline market as of February 2016.
The license would be suspended permanently if the airline did not begin its service in the next two months. The Airlines management is trying to overcome the financial crisis, which includes getting private equity to restart the services. But things are definitely not easy as said.
Air Costa, which began its operations in 2013, ran services to Jaipur, Ahmedabad, Hyderabad, Tirupati, Chennai, and Bengaluru after obtaining a pan-India license. In the wake of not being able to pay salaries, the employee strength has come down from 750 to 70.
Botsa complaints about Chandrababu Naidu's Development policy Nandyal sources have stated that YSR Congress Party senior leader Botsa Satyanrayana came down heavily on Andhra Pradesh Chief Minister N Chandrababu Naidu for the latter's politics of deception, which were hindering the development of Andhra Pradesh. Meanwhile when speaking to the media in Nandyal, Botsa alleged that Chandrababu was chanting development mantra only to lure the voters of Nandyal. He asked why Chandrababu did not visit Nandyal during the last three years.
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