Air Costa hunts for investors in the middle of a cash crisis
Monday, March 6, 2017, 9:55 AM
Regional airline Air Costa, which suspended flights last week because of a cash crisis, has frozen all future bookings. Recovery is looking increasingly difficult. Flight bookings have been blocked for all days. The airline had earlier blocked ticket sales till 8 March. Now Air Costa has started searching for new investors.Two Brazil-made Embraer jets which are used by the airline have been impounded.