GoAir, Air France in $40 m deal

Mumbai: The Wadia Group promoted GoAir has signed a letter of intent with Air France Industries and KLM Engineering & Maintenance, part of Air France- KLM Group.
The deal, worth $40 million, would see the Franco-Dutch organisation handle the maintenance of GoAir’s fleet over the next six years. The airline is pegging its fleet at 20 aircraft for the period.
This was disclosed by Edgardo Badiali, chief executive officer of GoAir.
The airliner earlier had a similar arrangement with Singapore Airlines Engineering Company, which ran its course, following which the airline decided on Air France-KLM.
Meanwhile, the airline is looking at inducting 8 aircraft by June next year. The new planes would replace most of the current fleet. The airline will also start increasing utilisation of its existing fleet.
22/10/08 Nirmal John/ DNA MONEY/Sify

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Categories: Foreign Oct 2008, GoAir Oct 2008