GoAir inks deal with CFM

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GoAir, India's fastest growing low cost carrier, today announced it has signed a deal with CFM for its CFM56-5B engines to power GoAir's fleet of 10 firm, 10 option Airbus A320 family aircraft.  Deliveries are scheduled to begin in mid-2007 and the firm engine order valued at over $150 million at list price. GoAir had earlier announced its intention to purchase these engines in April of this year.

 

CFM International is the world's leading jet engine supplier and its CFM56-5 engines are the most popular engine for the A320 family aircraft.

 

GoAir began operations in late 2005 with two leased A320s and now has 4 aircrafts in operation on 37 flights covering 13 cities.  GoAir will have 7 aircraft in operation by the end of November and is looking to grow its fleet to 18 aircraft by the end of 2007 and to 33 by end 2008.  GoAir currently operates flights to 13 cities across the country with 37 flights daily.

 

Jehangir (Jeh) Wadia, Managing Director GoAir said, "We considered the CFM56-5B engines looking at its quality, reliability, support and high level of cost savings that it affords us. The CFM56-5B engine is an ideal match for our A320 fleet.  Our goal is to provide the best value for money, safe and reliable service to our passengers without any compromises.  The engine's low cost of ownership is also a strong contributor to our ability to implement our long-term growth strategy."

 

"We're honored that GoAir has chosen CFM to be a major part of its future growth," said Eric Bachelet, president and CEO of CFM International.  "Their engines will be the new CFM56-5B Tech Insertion configuration and we're excited to have the opportunity to bring this advanced technology to their operation."

 

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