Goair is going to expand its network in India and international. There is huge demand for low cost flights in India and recently increased by 10%. All other airlines as Spicejet, Kingfisher and Jet Airways has already placed orders for air crafts.
According to a new agency, Spicejet has placed order to Canada’s Bombardier Inc for $915 million.
Indigo Airlines placed order to Airbus for $15.6 billion.
According to Mr. Wadia of Goair “In terms of aircraft, we see tremendous potential in India, which has barely six airlines with 350 aircrafts catering to a billion people, compared with China’s present 1,100 aircrafts,”.
GoAir has ordered the “A320neo” planes — an upgraded version of Airbus’ best-selling A320 150-seat workhorse. The deliveries will begin in 2015.
“We are evaluating various fund-raising options (for the deal). It will be a combination of debt and equity,” Wadia said
Source: http://www.reuters.com/article/2011/06/16/uk-goair-orders-idUSLNE75F02320110616
