Archive for the ‘Go Air’ Category

Go Air to have new core team by mid-February

January 30, 2007

The Wadia Group is putting together a new core team to consolidate the operations of its airline venture, Go Air, even as its flexible fleet strategy has started paying off.

Go Air Managing Director, Mr Jeh Wadia, told Business Line that the core team will consist of Mr Mark Winders as Executive Director. Mr Winders was earlier the Chief Executive Officer of SpiceJet. The team will also have a Chief Financial Officer, Chief Commercial Officer and a Chief Operating Officer.

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GoAir takes SpiceJet’s Winders on board

January 26, 2007

Wadia-family promoted low-cost airline GoAir is recasting the top management beginning with Mark Winders, former CEO of SpiceJet, coming on board as executive director spearheading strategic initiatives.

Mr Winders will be looking after broad operational contours to give the airline a strategic direction into the future. Mr Winders had quit SpiceJet almost 18 months back and was on sabbatical. Prior to that, he was president of Cayman Airways and NWT Air. GoAir’s current chief operating officer Ng Fook Meng would continue to look after the daily operations.

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GoAir plans to sell 26% to strategic investors

January 11, 2007

The Wadia group-promoted low-cost airline GoAir is planning to sell 20-26% stake to a group of strategic and financial investors. GoAir managing director Jeh Wadia told ET: “The airline is currently in negotiations with the shortlisted investors and expects to close the deal in a few months.”

The exact quantum of divestment will depend on the quality of the offers, he said. The airline currently has a fleet of seven A320 aircraft with 20 more on order. The offers on the table are difficult to ignore, though the airline will look for strategic partners who bring in more than just cash, Mr Wadia said.

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GoAir offers 13 Indian destinations at Rs 99

December 28, 2006

Indian low cost carrier GoAir has launched “Go @ 99”, an offering that allows its customers to purchase tickets for as low as Rs. 99/- across 13 Indian destinations. The Go@99 will be on offer from 27th December ’06 till 1st January ’07 and passengers booking their travel between January and June ’07 can get tickets as low as Rs. 99/-.

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May the force of coopetition be with you – Jeh Wadia

December 19, 2006

Coopetition: sounds quite paradoxical, doesn’t it? Let me explain. It is but obvious that increasing competition in any industry brings with it a fair share of issues that must be dealt with—some explored, some unexplored. Similar is the case with the aviation industry in India. There are quite a few pressing issues that need to be weeded out while in their infancy, thereby preventing the metamorphosing of any of these issues into gigantic problems in time to come. The Indian civil aviation industry has really grown significantly in the past 18 months, with a slew of airline launches—Kingfisher, Spice, Indigo and GoAir. And so, with other airlines waiting in the wings to join the industry as quickly as possibly. It is important to appreciate that this hyper competition is taking hold in an economic environment of increasing operating costs—specially the rise and rise of Aviation Turbine Fuel (ATF) prices, which typically contribute to nearly 40% of an airline’s operating costs in India.

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New low-fare rivals turn the heat on Air Deccan

November 20, 2006

India’s youngest domestic carrier Indigo Airlines has climbed to the third spot in capacity utilisation with a seat factor of 73.5% in October, the third month of its operation. SpiceJet continues to be at the top with a load factor of 77.3%, followed by Air Deccan at 76%.

According to the directorate general of civil aviation’s market share figures, October proved to be particularly beneficial to low cost carriers as the market share of SpiceJet, Go Air and Indigo increased from 6.8%, 2.5% and 1.9% in September this year to 7.1%, 3.4% and 3.5%, respectively, in October.

However, despite offering a large number of tickets at nominal prices of Rs 3 and Rs 6, India’s first low-cost carrier Air Deccan’s market share has actually been on the downslide. After touching a high of 21.2% in June, the airline’s share registered an average of 19.3% in the second quarter of the current financial year, further dropping to 18.1% in October.

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Low-cost airlines capture 27.1 pc share in Jan-Sept

November 11, 2006

The four low-cost airlines – Air Deccan, SpiceJet, Indigo Airline and Go Air — have together cornered a market share of 27.1 per cent during January-September this year, the latest data compiled by the Directorate General of Civil Aviation shows.

Jet Airways, however, continues to dominate the domestic market with a share of 32.8 per cent. The total number of passenger flown by the nine scheduled domestic airlines stood at 229.39 lakh.

The state-owned airline Indian that had a market share of 22.5 per cent was in second place followed by Air Deccan (17.9 per cent), Air Sahara (8.7 per cent) and Kingfisher Airlines (8.3 per cent).

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New airlines garner 40% share

November 11, 2006

 It’s the season of major upheavals in the Indian skies. Riding on their low-fare strategy, the six-member club of new-entrants in the domestic skies has cornered a near 40% share of the airline industry pie in the third quarter of 2006 calendar year.

According to passenger carriage data with the Directorate General of Civil Aviation (DGCA), new-entrants together captured 39.2% share of the domestic market in third quarter of 2006. In September, their combined share stood at 40.7% — their highest-ever till date.

The legacy carriers — Indian Airlines, Jet Airways and Air Sahara — ended with a 60.8% share in Q3, while their combined share in September alone dropped to 59.3%, the DGCA data revealed.

“Since the quarter to September is generally seen as a lean period, the no-frills airlines and some of the full-service carriers gained from the low-fare offerings. Since corporate movement is also generally low during this period, the legacy carriers have witnessed a dip in passenger carriage too and that’s reflecting on their market share,” said an industry watcher.

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GoAir completes one glorious fly smart year

November 10, 2006

GoAir, India’s premium smart cost carrier completed one year of operations in November having already captured 4%+ market share and flown a million passengers.  GoAir is now set to expand its operations, flights and fleet with an aim to garner a 10% market share in the coming year of operations. From a start up having 1 aircraft and 6 flights a day to 7 aircraft and 61 flights in November 2006, GoAir has come a long way to become one of the fastest growing airlines in the country.

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“GoGoa” by GoAir and Goa Tourism

November 8, 2006

GoAir ties up with Goa Tourism Development Corporation Limited (GTDC) for development of tourism in Goa. The duo has developed a brand “GoGoa” for promotion of their proposed campaign. GoAir has announced the commencement of new flights to and from Goa. The airline has started flights from Delhi to Goa in october and they are planning to increase the frequency of flights between Mumbai and Goa.

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