<p> Regional carrier Air Costa, which is awaiting aviation regulator’s nod to fly pan-India, is in talks with various investors for raising funds.<br /><br /></p>.<p>Air Costa also plans to lease six more Embraer aircraft by the next calendar year as the airline looks at enhanced operations once it receives national operator’s permit, a senior airline official said.<br /><br />“We have been looking to raise funds and have been approached by several investors with their proposals. We are in talks with them at different levels. It would take a while before we decide about our investment partner,” the official said.<br /><br />Refusing to name “interested parties,” who were in talks with the airline, the official said both domestic and overseas investors have evinced interest in funding Air Costa.<br /><br />“We are open to both strategic investors and private equity players as far as funding is concerned,” he said without divulging quantum of funds Air Costa was looking at.<br /><br />He said the airliner expects to acquire pan-India operations permit from the aviation regulator Directorate General of Civil Aviation next month.<br /><br />Currently, Air Costa offers 32 flights per day to nine destinations including Hyderabad, Chennai, Bengaluru, Coimbatore and Ahmedabad.<br />PTI</p>
<p> Regional carrier Air Costa, which is awaiting aviation regulator’s nod to fly pan-India, is in talks with various investors for raising funds.<br /><br /></p>.<p>Air Costa also plans to lease six more Embraer aircraft by the next calendar year as the airline looks at enhanced operations once it receives national operator’s permit, a senior airline official said.<br /><br />“We have been looking to raise funds and have been approached by several investors with their proposals. We are in talks with them at different levels. It would take a while before we decide about our investment partner,” the official said.<br /><br />Refusing to name “interested parties,” who were in talks with the airline, the official said both domestic and overseas investors have evinced interest in funding Air Costa.<br /><br />“We are open to both strategic investors and private equity players as far as funding is concerned,” he said without divulging quantum of funds Air Costa was looking at.<br /><br />He said the airliner expects to acquire pan-India operations permit from the aviation regulator Directorate General of Civil Aviation next month.<br /><br />Currently, Air Costa offers 32 flights per day to nine destinations including Hyderabad, Chennai, Bengaluru, Coimbatore and Ahmedabad.<br />PTI</p>