New Delhi: Budget airline GoAir has firmed up plans to fly abroad as it prepares for listing in the current financial year.
In a two-phase plan to the civil aviation ministry on June 24, the airline has sought permission to fly next summer to Phuket, Bangkok, Sharjah, Kuwait, Kunming and Guangzhou from its two hubs in Delhi and Mumbai. Next winter, the airline wants to connect Kochi, Chennai and Hyderabad with Dammam, Kuwait, Muscat and Sharjah.
“We require allocations for proper planning and hence we request approval for designation as an Indian carrier to fly the routes mentioned,” Chief Executive Officer (CEO) Wolfgang Prock-Schauer wrote to the ministry.
A ministry official said the airline would be given seats on almost all routes, provided India had bilateral agreements with those countries.
Industry sources said GoAir intended to list in the third quarter of 2016-17 to raise around Rs 1,000 crore and that made a case for it to speed up its international plans. According to consultancy firm CAPA, GoAir reported a profit of around Rs 166 crore in 2015-16.
On Tuesday, the airline signed an MoU with aircraft manufacturer Airbus for 72 A320Neo planes worth around $7.5 billion at list prices. The airline already has a contract for 72 A320Neos, two of which have been delivered.
13/07/16 Arindam Majumder/Business Standard
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In a two-phase plan to the civil aviation ministry on June 24, the airline has sought permission to fly next summer to Phuket, Bangkok, Sharjah, Kuwait, Kunming and Guangzhou from its two hubs in Delhi and Mumbai. Next winter, the airline wants to connect Kochi, Chennai and Hyderabad with Dammam, Kuwait, Muscat and Sharjah.
“We require allocations for proper planning and hence we request approval for designation as an Indian carrier to fly the routes mentioned,” Chief Executive Officer (CEO) Wolfgang Prock-Schauer wrote to the ministry.
A ministry official said the airline would be given seats on almost all routes, provided India had bilateral agreements with those countries.
Industry sources said GoAir intended to list in the third quarter of 2016-17 to raise around Rs 1,000 crore and that made a case for it to speed up its international plans. According to consultancy firm CAPA, GoAir reported a profit of around Rs 166 crore in 2015-16.
On Tuesday, the airline signed an MoU with aircraft manufacturer Airbus for 72 A320Neo planes worth around $7.5 billion at list prices. The airline already has a contract for 72 A320Neos, two of which have been delivered.
13/07/16 Arindam Majumder/Business Standard
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