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GoAir seeks relaxation on aircraft norms on overseas flights

Last Updated: Monday, January 28, 2013 - 18:39

Kolkata: Wadia group's no-frills carrier Go Airlines has sought relaxation in rules to fly foreign destination.

"We have sought waiver of the existing norm of owning 20 aircraft for getting permission to fly to foreign destinations," Go Airlines Chief Executive Officer Giorgio De Roni said Monday.

Without divulging details about possible destinations, he hoped to get the waiver and begin flying to foreign destinations in the next fiscal.

The airline planned to acquire new aircraft, increasing their number to 21 by July 2014 from 13 aircraft operating 110 daily flights currently.

Commenting on FDI in the airline, Roni said: "We are working on this. We are not just looking for cash injection, we want expertise and brand to grow globally."

Roni added that grounding of Kingfisher has helped the airline at least in getting better booking in the business class and hoped to clock 40 percent growth in revenue for 2012-13 fiscal.

The airline grew by 40 percent which it hoped to maintain in the fourth quarter period and is expecting revenue of around Rs 2,200 crore in 2012-13 against Rs 1,600 crore last year, he said.

The airline registered a growth despite the domestic market dipping six percent in January-December 2012, the company said.

Roni said the airline has internal discussions on increasing business class seats from the current eight at least in certain sectors, but no final decision is taken.

GoAir added three new flights to Ahmedabad, Guwahati and Bagdogra from Kolkata despite fuel taxation and infrastructure costs hurting the industry.

The airline has also planned to add three more new destinations by March 2014.


First Published: Monday, January 28, 2013 - 18:39
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