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GoAir sees 2010-11 revenue up 75% on better loads  

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Budget carrier GoAir India Pvt Ltd expects sales in 2010-11 to rise by up to 75 per cent as growing air traffic boosts seat factors, a top official told Reuters.

“Except for July and August which are normally lower seasons we see the seat factors reaching around 88 (per cent) plus in October, November and December,” Chief Executive Kaushik Khona said over the telephone.

He expects sales to range between Rs 1350-1400 crore this fiscal from around Rs 800 crore last year.

GoAir is promoted by the diversified Wadia group which also controls biscuit maker Britannia Industries and textiles firm Bombay Dyeing.

Indian air carriers including Jet Airways and SpiceJet Ltd are looking forward to an upswing in business, helped by the rebounding economy and the Commonwealth Games that India is hosting in October in New Delhi.

Aviation consulting firm Centre for Asia Pacific Aviation (CAPA) said last month India’s private airlines together could now post a higher than earlier estimated profit of $250-$300 million this fiscal.

GoAir which has a fleet of nine aircraft hopes to expand this to 20 by end-2013 as it strengthens its route network across the country.

“Our plan is to get to 20 aircraft as soon as possible. Discussions are on and hopefully we should be able to do that by 2013-end,” Khona said.

India’s airline sector, which has close to a dozen carriers, are looking to add to their fleet. Rival low cost carrier Indigo has received the government’s nod to buy 150 aircraft over the next 2-3 years.

  • By KOL News , Written on August 19, 2010
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