GoAir places orders for 72 A-320 planes
PTI | 05:06 PM,Jun 16,2011In terms of sectoral growth, GoAir sees a tremendous potential in India, which has barely six airlines with 350 aircraft catering to a billion-plus people, compared to China's 1,100 aircraft currently. Even with all the present orders placed by Indian carriers, the country would have only 700 aircraft by 2020, Wadia pointed out. "Just one domestic airline in America, SouthWest, already has close to 700 aircraft. In terms of seats sold, one airline in Europe, Ryan Air, sold approximately 65 million seats last year, while the whole Indian aviation industry sold just 54 million seats." "With India's GDP growing at a brisk eight to nine per cent per annum, we see a great future ahead for the aviation sector, including GoAir. Our strategy is to fly those who currently don't fly," he said. The airline currently operates 133 daily flights across 18 destinations such as Ahmedabad, Bagdogra, Bangalore, Chandigarh, Cochin, Delhi, Goa, Guwahati, Jaipur, Jammu, Leh, Lucknow, Mumbai, Nagpur, Nanded, Patna, Pune and Srinagar. GoAir's new Chief Executive Officer De Roni indicated that additional frequencies would be introduced on existing routes, without starting new hubs. New hubs would lead to decreased profitability, he said. "It will be my endeavour to expand the operations profitably and continue to increase its route network. Our aircraft utilisation is the best-in-category, giving us an operation edge over others." The CEO also indicated that he would create revenue from ancillary and non-passenger operations. "We intend to tap small-and-medium enterprises as well as corporate travellers for revenue," he said.
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