Friday, March 26, 2021

GoAir said it will become an Ultra Low-Cost Carrier. What the heck is that?

Early this week, Go Air, the Wadia group-backed and the Mumbai-headquartered airlines, said that its Managing Director Jeh Wadia would step down. The airline elevated Ben Baldanza as its Vice-Chairman. However, the interesting part of the press statement from the company has been that the airline plans to move towards being an Ultra Low Cost Carrier (ULCC). Baldanza took Spirit public and transitioned it to ULCC as its CEO.

And now what does a ULCC airline mean and what its implications for GoAir >>

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