New Options to be Added in GoAir Ticket Booking List

The aviation foray of the Wadia Group, GoAir is a leading low-cost carrier (LCC) of India. It has been providing economical services to the country since 2005, and has expanded exponentially. Currently, the GoAir ticket booking list features around 23 destinations of the country, including a number of Tier I and II cities. It operates over 900 flights every week from its hubs at Chhatrapati Shivaji and Indira Gandhi International Airports. The carrier recently received its 20th aircraft and is now planning to commence its global operations. As per one of the clauses of aviation rules in India, carriers have to complete five years of operation and own at least 20 models before initiating international operations.

In addition to this, the carrier is also planning to raise funds through foreign direct investment (FDI), as per reports. Commencing new operations may require a lot of funding, and FDI will help the carrier in meeting new fund demands. It is one of the rare airlines that posted profits throughout the year, even when other operators posted crores of loss. As per reports, it recorded a profit of around INR 100 crores in 2013 and 2014 financial year, and may continue the trend in 2015. Recent changes in the Aviation Turbine Fuel (ATF) will help the airline in adding a few more zeros in profits. The infusion of new fund may add a number of other domestic options as well such as Belgaum to Delhi and Khajuraho Varanasi flights.

The chief executive officer (CEO) of the LCC said that the process of raising money may take some time as it may involve meeting interested parties and going through each proposal. He also added that the airline is in no hurry of funding as it is currently focusing on its international business. It is expected that these new services will be launched in second quarter of the 215, and currently it is considering Gulf destinations or other cities that can be reaches in three hour and 15 minutes. It will deploy around 13 per cent of its capacity on international routes as domestic market is also important for them. Gradually, the LCC may add flights after observing its performance and demand on these routes.