You are spot on captjns........
After the fall of KF its very hard for indian startups to get aircraft's. Air costa struggled very much to get the 2 birds from ECC leasing. They were forced to book an ERJ190 from Embraer to prove the financial strength. Even after that they had to pay 8 months lease rents as security deposit for each aircraft when the standard industry practice is 3 months plus 1 month advance rental.
I have a feeling that zexus, Turbo, kairali airlines and New look airways will never take off likefreedom, volk, air Dravida and zav........
Air carnival has a healthy background but long way to feel the heat. By the way another company called sea bird also applied for seaplane services in kerala.
When 26 Airlines across the world was shut down in 2012 including Air Australia, BMI , spanair, Air Zimbabwe and our Kingfisher new players should do their home work before jumping into this business.
Regards
Blackbirdsr72