It is one of the smallest players in the Indian aviation space, with a 7.6 percent market share and that is its biggest advantage as it helps it adapt to fluctuations in the aviation space, Go Air's managing director Jeh Wadia told CNBC-TV18.
Wadia admits Go Air is a David amongst the Goliaths of the Indian aviation space. But, that's not stopping Wadia from dreaming big. For starters, he hopes the government will give Go Air a waiver to fly international routes despite falling short of the 20-aircraft requirement.
The MD also feels the airline is an ideal candidate for FDI investment, given its domestic connectivity and on-time track record. But he insists that the airline is fully capitalized and such strategic investment would only go towards improving service quality, market reach and customer engagement. An IPO is also on the anvil.
Wadia said, "We are always open minded about going for IPO. Right now we feel it is more important to have strategic investments and the IPO will depend on market conditions."
09/11/12 moneycontrol.com
To Read the News in full at Source, Click the Headline
Wadia admits Go Air is a David amongst the Goliaths of the Indian aviation space. But, that's not stopping Wadia from dreaming big. For starters, he hopes the government will give Go Air a waiver to fly international routes despite falling short of the 20-aircraft requirement.
The MD also feels the airline is an ideal candidate for FDI investment, given its domestic connectivity and on-time track record. But he insists that the airline is fully capitalized and such strategic investment would only go towards improving service quality, market reach and customer engagement. An IPO is also on the anvil.
Wadia said, "We are always open minded about going for IPO. Right now we feel it is more important to have strategic investments and the IPO will depend on market conditions."
09/11/12 moneycontrol.com
