Tuesday, July 18, 2006

GoAir buys ten Airbus A320 planes

Farnborough: European planemaker Airbus said on Monday that Indian low-cost airline GoAir was buying 10 of its A320 planes, worth $670 million at list prices.
GoAir, owned by India's Wadia Group, also has an option to buy 10 more A320 planes, Airbus said at the Farnborough International Airshow.
The deal was the only firm order for Airbus planes announced on the first day of the show where the planemaker has been explaining how it will address delays in its A380 superjumbo.
GoAir said it expects to take deliveries of the aircraft next year to increase flights on existing routes within India, which has experienced a boom in air travel in recent years.
Indian airlines are expected to dominate orders at the Farnborough show.
17/07/06 Michael Smith/Reuters India