Air costa has recruited only very experienced first officers ( mainly with ATPL and lot of jet/turbo prop time ) and a few captains ( from kingfisher , navy, air india etc ). Apart from this they also have a set of expat captains.
Correct.
As for fresh CPL holders, I think it will take another one year befor they even start looking at their resume.
Well to my limited knowledge I think they have plans for freshers recruitment in APR-MAY 2013 targeting the crew requirement for the 3rd aircraft (Embraer 190). ps. its cheaper to man the right seat with freshers once the current ones start upgrading to the left seat.
The bad news is that , with the market being the way it is, they have drastically reduced the salary . Also they are asking for 5 cheque for 5 lakhs which will be retured 1 every year. In short , they r putting a bond of 25 lakhs for 5 yrs.
That seems to be the market trend every where.