Saturday, September 02, 2006

GoAir rules out equity, debt financing plans

New Delhi: The no-frill airline of the Wadia's, GoAir, today ruled out any equity or debt financing plans in the near future and announced expansion of its fleet and new routes, besides plans to launch a cargo carrier soon.
"We are not in a hurry to go for equity financing or debt financing. GoAir is run by the Wadia family and not the group and we are happy funding it ourselves," GoAir managing director Jeh Wadia told reporters here.
The airline, which inducted its fourth aircraft on lease, would add another three by November and raise the fleet strength to 18 by 2007-end and to 33 by 2008-end.
Wadia also announced the launch of three direct services from Delhi to Goa, Bangalore and Pune and two from Mumbai to Hyderabad and Chennai.
01/09/06 Zee News
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