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Official Statement

Mumbai, June 18, 2007: Reference recent media stories on Paramount Air’s picking up stake in Go Air, Mr. Jeh Wadia, MD GoAir clarified to the media today, “GoAir has not been in any talks of any alliance or stake sale with Paramount, what so ever. Information surrounding any kind of meeting between GoAir - Paramount regarding Enterprise valuation is baseless and holds no ground.

Information of any kind of alliance / merger / sale / financial participation between the parties is pure speculation and without any foundation whatsoever.

GoAir would like to re-affirm full implementation of its expansion plans during the medium to long term. Currently, GoAir is believed to have the highest load factors for the fifth consecutive month with a 86% Load factors for May 2007.

Currently, GoAir operates 396 weekly flights to 11 airports across the country".

GoAir’s direct daily flights between Mumbai-Ahmedabad and Delhi-Ahmedabad
register load factor of more than 85% in the month of May 2007.

Mumbai, June 6, 2007: GoAir, India’s leading smart fare carrier today registered load factors of more than 85% in the month of May 2007 for its Mumbai – Ahmedabad and Delhi - Ahmedabad sector. This GoAir route provides convenient service for business and leisure travellers alike. The advantage for the flyers is the timings of Mumbai – Ahmedabad and Delhi - Ahmedabad flights, in the evening, that have made passengers prefer GoAir. This evening flight ideally adds a bonus convenience to our customers apart from its Smart Fare.

Mr. Jeh Wadia, Managing Director, GoAir said, "GoAir has always been committed to redefining the way Indian air traveller perceives flying. Ahmedabad has been one of the growing sectors and we have been registering more than 85% load factor on this route between Mumbai – Ahmedabad and Delhi – Ahmedabad. These routes offer passengers from all walks of life the benefit of travelling at convenient timings and also enjoy true value fares. Passengers can check schedules and fares and book flights by visiting our website – www.goair.in.”