Monday, June 11, 2018

GoAir to moderate its growth plans in face of rising oil prices, fewer pilots

GoAir is rethinking its growth strategy due to the ever-rising fuel prices and ongoing troubles with new plane engines and the reducing number of pilots, Business Standard reported.

Fuel cost is majorly affecting the airline’s profit, and to cope with that, GoAir is set to lease out some of its old planes.

Sources told BT that an external consultant had been hired by the airline to look after its network planning. Following this, they decided to maximize frequency on the profitable metro to non-metro routes, instead of adding newer destinations.

International flights to Maldives and Phuket were also supposed to start in 2017. GoAir’s senior management was revamped completely — a new chief executive officer, chief operating officer and chief commercial officer.
11/06/18 Moneycontrol