There has been FDI buzz surrounding Jet, Kinigfisher and even Spicejet, but, nothing so far on go air. Even though most industry watchers say the low cost carrier is one of the better placed Indian Airlines to attract a foreign investor.
There has been FDI buzz surrounding Jet , Kinigfisher and even Spicejet , but, nothing so far on go air. Even though most industry watchers say the low cost carrier is one of the better placed Indian Airlines to attract a foreign investor. However, the management, in an exclusive chat with CNBC-TV18, says they are not in conversation with any foreign airline just yet and for now Go Air is concentrating on going international itself, reports CNBC-TV18’s Sunanda Jayaseelan.
With 7.4 per cent market share, Go Air maybe India's smallest airline at the moment, but the low cost carrier is looking to spread its wings. Go Air is ramping up its fleet size to meet the aviation regulators requirements for an international flying permit. A move that will also help to increase its domestic connectivity
Giorgio De Roni, CEO, Go Air says, "We will get 8 A320 aircraft by mid CY14. We have placed order for 72 more aircraft and will get those starting by 2016".
On the pricing front: Reacting to the aggressive pricing by Spicejet recently and the DGCA advising other airlines to not follow suit, Go Air says it is not keen on starting an airfare war. Roni says, "We are not looking to hike prices. We hope Indian airlines are sane enough to not start price war as price war will be damaging for airlines".
On the much talked about import of ATF fuel, which has finally got a go ahead from the government, spicejet has announced it will start import by mar 31. Unlike them, Go Air says there is no infra in place now to allow import of ATF.
Set email alert for
ADS BY GOOGLE
video of the day
Domestic stories attractive; prefer KNR over L&T: HDFC Sec