Air Costa Orders Up To 100 EJet-E2s

India's little known Air Costa has announced an order for up to 100 EJet-E2s at the Singapore Airshow. The deal includes firm orders for 25 E190-E2s and 25 E195-E2s, plus 50 options. It is worth $2.94bn for the firm orders and $5.88bn if all options are exercised. Launched in January 2012 out of Vijayawada, Andhra Pradesh, the airline is focused on second and third tier routes, connecting tertiary cities, which hold 70 per cent of India's population. Such cities include Bangalore, Chennai, Hyderabad as well as those in the north and north west of India. In addition to the purchases, Air Costa will introduce two leased E190s from GECAS later this month to operate in the southern region. In 2014, it will expand operations to cover India, using pre-owned E190s, which it will also lease from GECAS. The airline will take four leased E190s each year from July this year until 2018, when it plans to reach the third phase of its expansion. This phase involves international operations using the new E2 aircraft, which fall under this order. 

TAGS: Asia
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