GoAir inducts 50th aircraft into the fleet

GoAir has inducted 50th aircraft into the fleet. With this new milestone, GoAir has doubled its fleet in less than two years, earning itself the coveted title of India's fastest growing airline that operates 270 daily flights connecting 24 domestic and 4 international destinations.

GoAir, an aviation foray of the Wadia Group, operates as a low cost carrier model that demands cost leadership, operational efficiency and reliability. GoAir operates Airbus A320s aircraft and flies to Ahmedabad, Bagdogra, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Delhi, Goa, Guwahati, Hyderabad, Jaipur, Jammu, Kochi, Kolkata, Kannur, Leh, Lucknow, Mumbai, Nagpur, Patna, Port Blair, Pune, Ranchi and Srinagar. GoAir flies to international destinations, namely, Phuket, Malé, Muscat and Abu Dhabi. GoAir has flown over 72 million passengers since its inception and in the next two years the airline will touch the magical 100 million passengers mark.

Commenting on the induction of 50th aircraft, Mr. Jeh Wadia, Managing Director, GoAir, said: "This new milestone gives me immense satisfaction and a sense of achievement. At the same time, it also tells me that we have a long way to go. Going forward, on average, we will be adding at least one aircraft every month and that translates into more flights, more destinations and more smart options for the consumers. Soon we will be adding four new international destinations to our network."

Mr. Wadia continued: "In 2016, we looked at an aggressive business strategy and took a long call on India's economic growth as well as the crucial role that GoAir has to play within the aviation sector. That year we doubled our Airbus A320 aircraft order to 144 with a clear vision of accelerating growth and at the same time staying profitable. Those goals continue to be our guiding principle from a business perspective. From a customer point of view, GoAir executes its business model on the basic three-tier principle of 'punctuality, affordability, and convenience' and these principles have helped gain the trust of our customers."

Source : Equity Bulls

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