GoAir says has received number of proposals for investment

According to Jeh Wadia, MD, Go Airlines the company is currently celebrating its achievement as one of India's most reliable and creditable airlines owing to a number of consistent industry factors as confirmed by the DGCA. For the Last Two Quarters (amongst National Airlines) these include factors like
Lowest Cancellations In Industry for 1st Quarter and zero cancellations for 2nd Quarter, High on time performance (Average 84%), Highest load factors in the industry (Average 80%), Highest Market Share per Aircraft in the industry (0.79 %), Highest Ratio of Market Share to Capacity Share Ratio (0.81%)
"With this rising and lucrative value creation, the airline has been receiving a number of proposals for investment in the airline which is a testament to the shareholder value being created," he said.
"The decision taken by the board of the company is not to proceed with any such proposal..." Wadia added.

05/10/09 India Info line

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Categories: GoAir Oct 2009