Thursday, February 23, 2006

GoAir places $1.2 bn order for A-320s

Mumbai: Nusli Wadia-promoted no-frills airline GoAir today placed orders worth $1.2 billion (approximately, Rs 5,341 crore) for 20 aircraft with European aircraft manufacturer Airbus. GoAir Managing Director Jeh Wadia said in a media statement the airline required these planes to respond to the “tremendous growth in air traffic being experienced in India and the increasing demand for GoAir.”
The GoAir announcement is in step with the domestic aviation industry’s expansion plans. GoAir today placed the order in Singapore for A-320 aircraft. The A-320s will have a single-class economy layout with 180 seats.
GoAir operates three A 320 airbus for 24 flights covering 11 cities. The airline plans to commence operations from Thiruvananthapuram, Nagpur, Bhubaneswar, Srinagar, Jammu, Delhi and Kolkata in a phased manner.
Analysts said the GoAir move to place an order with Airbus was logical.
23/02 Business Standard