Wednesday, January 30, 2013

GoAir to invest $ 7.2 bn; to buy 72 aircraft by 2020


Ahmedabad: Low-cost carrier, GoAir plans to acquire 72 new aircraft by 2020 for approximately $7.2 billion, taking the total strength of the fleet to 92, Giorgio De Roni, Chief Executive Officer,said on Tuesday.
An A-320, priced at $100 million, will be delivered on February 1, and deployed on February 4. At present, GoAir has 13 aircraft and by 2014, it will have 21.
In order to enhance its presence in the western Indian market, the airline will launch new daily flights on the Delhi-Ahmedabad and Ahmedabad- Kolkata routes on February 4. By 2014-15, it expects to increase its revenues from Gujarat routes from the existing 3% to 10%.
GoAir is banking on loyal customers from the corporate and SME sectors and looking at non-metro stations like Srinagar for further growth.
29/01/13 Business Line
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