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Airlines Wake Up To Rail Threat

February 25, 2006

The Financial Express, Bureau, Mumbai: The rail budget, normally a non-event for the Indian aviation sector, is re-defining the fare-war for low cost carriers (LCC). While LCCs began by offering attractive fares to woo rail passengers, the new rail budget has met the LCCs head-on by lowering rail fares in a competitive effort to gain back any lost market share. If the LCCs’ initial responses are anything to go by, the fare-war has only just begun. They are already considering a readjustment in prices again. GoAir managing director Jeh Wadia said, “Our aim is to increase the flying base in the country.


GoAir To Acquire 20 Airbus 320’s

February 23, 2006

The Hindu, Mumbai: Wadia Family promoted budget carrier GoAir on Wednesday said it had placed an order worth $ 1.2 billion with Toulouse-based Airbus Industrie to buy 20 Airbus A320 aircraft as part of the airline’s fleet expansion programme. The deal was finalized during the Singapore Airshow, a company release said here.

GoAir To Buy Twenty A 320’s

February 23, 2006

The Tribune, PTI, Mumbai: Wadia family-promoted budget carrier GoAir said today they has placed today an order worth $ 1.2 billion with Toulouse-based Airbus Industrie to buy 20 Airbus-320 aircraft as part of the airline’s fleet expansion programme. While it has placed 10 firm orders, the airline has the option to buy 10 more. The deal was finalized during the Singapore Airshow, the company said here today. The additional aircraft will be used for connectivity in north India and metro-to metro flight routes, GoAir Managing Director Jeh Wadia said.

The A-320 family aircraft would have a single class economy layout with 180 seats

On A Different Plane

February 23, 2006

The Asian Age, Bureau, MumbaiThe Economic Times, Bureau, Mumbai: The Singapore air show is buzzing with orders from Indian carriers for aircraft and engines, reports Our Mumbai Bureau. The latest to sign up on Wednesday, was the Wadia group promoted, low cost airline, Go Air, which inked a $1.2bn order for 20 Airbus A 320 aircraft — 10 of them firm and options for ten more. Airlines have placed orders worth over $6bn over the past one week and about $3.5bn of these were sealed at the air show.

GoAir To Buy 20 Airbus Planes For 5,300 Cr

February 23, 2006

The Asian Age, Bureau, Mumbai: GoAir has placed an order for 20 aircraft with Airbus at a contract value of $1.2 billion (approximately Rs 5,300 crore). The orders were placed in the Asian Aero Space Conference in Singapore on Wednesday. "The additional aircraft will allow us to expand aggressively into the North Indian and metro-to-metro flight routes," GoAir managing director Jeh Wadia said in a statement released here on Wednesday. GoAir currently operates 3 Airbus A320s on 24 flights covering 11 cities.

The airline required these planes in order to respond to the "tremendous growth in air traffic we are experiencing in India and the increasing demand for GoAir," Mr Wadia added. GoAir is a low-cost carrier promoted by the Wadia Group, launched in November 2005 with scheduled services to Goa, Ahmedabad, and Coimbatore from Mumbai. The airline had already announced its plans to expand its fleet to 36 aircrafts in three years and the current announcement is part of this plan.

"These aircraft will allow us to develop our network and introduce new routes not previously served and we are excited about being able to offer the "Fly Smarter" experience to more cities and passengers throughout India," Mr Wadia said. The new aircrafts too would have a single-class economy layout with 180 seats.

GoAir To Buy 20 A-320s For $1.2b

February 23, 2006

The Asian Age, Correspondent, Mumbai: Wadias-promoted budget airline GoAir on Wednesday announced it will buy 20 A320 aircraft for $1.2 billion (approximately Rs 5,300 crores) from the Toulouse-based Airbus Industrie. “The additional aircraft will allow us to expand aggressively into the North Indian and metro-to-metro flight routes,” Jeh Wadia, GoAir’s managing director, was quoted as saying in a statement issued here. The deal was inked on the third day of the Asian Aerospace air show in Singapore.

Mr Wadia said additional aircraft were needed to respond to the growth in air traffic that India was experiencing and the increasing demand for GoAir. The Mumbai-based Go Air, which began operations in November 2005, is competing with other budget airlines in the country like SpiceJet Ltd and Air Deccan and full service carriers such as State-owned Indian, Jet Airways and Kingfisher Airlines.

GoAir’s expansion plans come a day after SpiceJet announced a $1.4 billion deal with Boeing Company that converted options for 10 Boeing 737 planes into firm orders and took on 10 more planes as options. “These aircraft will allow us to develop our network and introduce new routes not previously served,” Mr Wadia said. The A-320 family of aircraft would have a singleclass economy layout with 180 seats. GoAir currently operates three A320 aircraft in 24 sectors covering 11 cities.

GoAir To Buy 20 A-320 In $ 1.2 Bn Deal

February 23, 2006

The Indian Express, Bureau, Mumbai: The Singapore Air Show today saw its second major order from an Indian air carrier with the Wadia-promoted GoAir placing orders for 20 A-320 aircraft with Airbus Industrie in a deal valued at US $ 1.2 billion (Rs 5,300 crore). With this acquisition, the airline plans to expand its presence into the North Indian and Metro-to-Metro flight routes. The airline presently operates with three leased Airbus A320s flying on 24 flights covering 11 cities. The airline has plans to expand its fleet to 35 aircraft in three years.

The delivery schedule and the engine deal for the new aircraft are still to be finalised, GoAir's managing director Jeh Wadia said. GoAir is also planning to start a daily direct service on the Chennai-Delhi-Chennai route from March 15 and Mumbai-Delhi-Mumbai service from April 1. Yesterday New Delhi-based SpiceJet has signed a US $ 1.4 bn deal to buy ten 737 jets from US aircraft manufacturer Boeing.

GoAir To Acquire 20 A-320s For $1.2bn

February 23, 2006

The Times of India, Agencies, Mumbai: Wadia family-promoted budget carrier GoAir on Wednesday said it has placed an order worth $1.2 billion with Toulouse-based Airbus Industrie to buy 20 Airbus 320 aircraft as part of the airline’s fleet expansion programme. The deal was finalised during the Singapore Airshow, a company release said here. The additional aircraft will be used for connectivity in north Indian and metro-to-metro flight routes, Go Air Managing Director Jeh Wadia said.

The A-320 family aircraft would have a single-class economy layout with 180 seats. Launched in November last year, GoAir presently has a fleet of three A-320 aircraft and operates 24 flights covering 11 cities.

GoAir Places Order For 20 Airbus Planes

February 23, 2006

Hindustan Times, Bloomberg, Mumbai: GoAirlines said it ordered $1.2 billion of Airbus SAS planes to prepare for competition in a nation where annual air travel may grow 25 per cent until 2010. GoAir has agreed to a firm order for 10 of the Airbus A320 model with options for 10 more from the same family of designs, the airline's Managing Director Jeh Wadia said on Wednesday. The A320 family includes the 107-seat A318 model at $46.4 million each and the 150seat A320 model with a catalog price of $66.5 million.

"To be relevant in the market, they will need to have an optimum fleet," said Kapil Kaul, the New Delhibased chief executive officer of the Centre for Asia Pacific Aviation in India. GoAir, which was in talks with Airbus and Boeing for as many as 50 planes, may increase its orders, he said. India's economy may have grown 7.7 per cent in the last quarter, holding near a year-high and making air travel affordable to more of the nation's 1.1 billion people. The number of travellers in India will more than double to 33 million by 2010, according to estimates by the National Council of Applied Economic Research, an independent advisory group.

GoAir Places $1.2 Bn Order For A-320s

February 23, 2006

Business Standard, Corporate Bureau, Meerut: Nusli Wadia-promoted no-frills airline GoAir today placed orders worth $1.2 billion (approximately, Rs 5,341 crore) for 20 aircraft with European aircraft manufacturer Airbus. GoAir Managing Director Jeh Wadia said in a media statement the airline required these planes to respond to the “tremendous growth in air traffic being experienced in India and the increasing demand for GoAir.” The GoAir announcement is in step with the domestic aviation industry’s expansion plans. Air-India announced plans to acquire 68 aircraft from Boeing for an estimated $8.1 billion.

Indian Airlines had placed an order of $2.2 billion for 43 Airbus A320 aircraft. Kingfisher Airlines recently placed a fresh order for 30 Airbus A320s at the Dubai Air Show 2005 in a deal valued at $1.9 billion, which followed its purchase of 20 ATR 72-500 turboprop aircraft valued at $ 350 million. SpiceJet has agreed to convert options for 10 Boeing 737 planes into firm orders and take an additional 10 options in a deal worth $1.4 billion at list price. GoAir today placed the order in Singapore for A-320 aircraft.

The A-320s will have a single-class economy layout with 180 seats. GoAir operates three A 320 airbus for 24 flights covering 11 cities. The additional aircraft will allow the budget airline to expand operations on the northern Indian and metro-to-metro routes. It had announced plans to expand its fleet to 36 aircraft in the next three years. The airline plans to commence operations from Thiruvananthapuram, Nagpur, Bhubaneswar, Srinagar, Jammu, Delhi and Kolkata in a phased manner. Analysts said the GoAir move to place an order with Airbus was logical.

“GoAir is operating an Airbus fleet and had invested in infrastructure that suits Airbus. It includes pilots, engineering services, spare parts and ground handling support systems,” they pointed out.

GoAir Announces Acquisition Of 20 A-320 Aircraft

February 23, 2006

The Hindu Business Line, Bureau, Mumbai: GoAir, the budget airline promoted by the Wadia family, has announced the acquisition of 20, A-320 family aircraft, valued at $1.2 billion (about Rs 5,300 crore). A press release here said the additional aircraft would allow it to expand aggressively on the North Indian and the metro-to-metro routes. The orders were finalised in Singapore on Wednesday by Mr Jeh Wadia, Managing Director, GoAir.

He was quoted as saying the new fleet would help the airline respond to the "tremendous growth in air traffic we are experiencing in India and the increasing demand for GoAir." The A-320 family aircraft would have a single-class economy layout with 180 seats. The airline launched in November last year and currently operates three Airbus A320s, on 24 flights covering 11 cities.

GoAir

February 23, 2006

The Asian Age, Bureau, Mumbai:GoAir plans to buy 20 Airbus A320 aircraft valued at $1.2 billion, its managing director, Jeh Wadia, said.

Go Goes For 20 A320s

February 23, 2006

Daily News & Analysis, Bureau, Mumbai: Budget carrier GoAir, which launched its services in November 2005, placed an order for 20 planes (10 confirmed and 10 options) with French aerospace company Airbus Industrie on Wednesday in Singapore. The total worth of the 20 A-320s aircraft, based on the list price, is around Rs 5,300 crore ($1.2 billion), and the airline is planning to use them on the north Indian and metro-to-metro routes. The company said that the aircraft would have a single-class economy layout with 180 seats.

GoAir managing director Jeh Wadia said the delivery dates of aircraft are yet to be finalised. “The delivery details and the selection of engine dealers are being worked out. We will finalise these soon,” said Wadia. He said the airline required the planes to respond to the tremendous growth in air traffic (growing at over 28%) in India. “These aircraft will allow us to develop our network and introduce new routes not previously served,” said Wadia. GoAir currently operates 24 flights to 11 Indian cities on its three leased A320s.

The budget carrier, which is being promoted by the Rs 1,200-crore Bombay Dyeing group, will fund the aircraft acquisition through both internal and external resources. “We have not yet drawn up a road map for the funding of the order,” said Wadia. Today, India is among the world’s biggest buyers of aircraft. Almost all the airlines, Jet Airways, Kingfisher, Air Deccan and SpiceJet have placed orders for the new aircraft last year. Last year, the yet-to-be-launched IndiGo Airlines created a furore at the Paris air show by ordering 100 A320s.

Over the last one year, Indian air carriers have placed orders for over 400 aircraft. Analysts say that with the aviation sector growing at over 28%, the addition of new capacity on existing and new routes will easily fill up. “In fact, there is room for more capacity on several sectors,” said an analyst. However, they caution that even as airlines expand their network and raise capacity, yield and revenue management on flights would play a very important role in ensuring that the rising cost of operation does not burn a hole in their pockets.

Indian Carriers On Buying Spree At Air Show

February 22, 2006

The Indian Express, Economic Bureau, Mumbai: The aircraft ordering spree by Indian carriers is likely to gain momentum over the next few days with a number of carriers planning to place orders at the Asian Aerospace exhibition being held in Singapore.

Go Air, a low cost carrier, is likely to make an announcement on its acquisitions in the next couple of days. "We are in talks with the manufacturers and we plan to make an official announcement on the acquistion in the next two days," Go Air managing director Jeh Wadia said. SpiceJet has also managed to bag options for buying 10 aircraft for its future requirements. With this deal, the company has placed a firm order for 20 aircraft and has an option for 10 more.

Go Air May Seal Deal For 20 Aircraft Shortly

February 15, 2006

Economic Times, Girish Rao, Bangalore: THE WADIA Group-promoted Go Air may soon sign a deal for the purchase of 15-20 Airbus 320 or Boeing 737 aircraft with the respective aircraft manufacturers, although market sources say the airline is inclined to go with the European aircraft maker.

However, Go Air managing director Jeh Wadia told ET that a final decision on the numbers and the aircraft make will be made this week. However, he said the airline is targeting a fleet of 28/32 planes by ’08 which will be a mix of lease and buy (plain vanilla lease, sale and lease back, etc). An announcement may, therefore, follow at the Singapore Airshow next week, sources said.

According to Mr Wadia, the airline is not only evaluating the prospects of a buy from either of the plane manufacturers, but will also take a firm call on a mid or long-term purchase plan.

From the manufacturers’ perspectives the group has a record of sustaining business and would keep coming back for more planes as the market grows, Mr Wadia stated.

Even though the airline has been operating one type of aircraft, it could always switch over to another while the fleet numbers were small if the economics of the new offer was better, he added.

The Mumbai-based budget airline currently operates a fleet of three leased A320s which will be scaled up to six by September ’06. By ’07, the airline is planning on a fleet of 15/17 planes and 28-32 by ’08 to cover about 240 sectors daily.

Next –To- Nothing Travel On GoAir

February 4, 2006

DNA, Sujata Dugar, Mumbai: Come February and GoAir, the ‘people’s airline’, a low cost carrier promoted by the Wadia Group will begin operations between Mumbai and four new destinations – Baroda, Kochi, Pune and Indore. Two new sectors-Chennai-Pune-Chennai and Pune -Ahmedabad- Pune will also become operational.

With its third A320 aircraft already in place, GoAir plans to connect to several other Indian destinations by year-end. The airline is providing its passengers 10,000 free tickets on its four new destinations as well as two new sectors through the GoAir free tickets on its four new destinations as well as two new sectors through GoAir Free Fares. Bookings for the GoAir Free Fares commenced in mid- January 2006 and is valid everyday till March 26, 2006. Its on a first come first serve’ basis till tickets last. Passengers availing the GoAir Free Fares would get a zero fare and will only have to pay the taxes amounting to Rs 221.

According to GoAir managing director Jeh Wadia, “With every passing month, GoAir has grown from strength to strength and in the next nine months namely from January to September, we would aggressively look at our route expansion in a progressive manner. The addition of our new routes substantiates our commitment to our passengers of connecting with important destinations in India.” He said, the company is exploring options to commence operations from cities such as Trivandrum, Nagpur, Bhubaneshwar, Srinagar, Jammu, Delhi and Kolkata. However, all of this will be in a phased manner.

The new destinations and sectors will increase GoAir’s route strength to 14 cities and 30 flights per day in India. These new routes are an add-on to the existing destinations – Mumbai, Goa, Ahmedabad, Coimbatore, Hyderabad, Bangalore, Chennai and Jaipur.

Passengers looking to book tickets on GoAir may make their booking on any of the GoAir outlets that would include GoTravelAgents, GoTATAIndicom Shops, GoInlott, GoCyber Cafes, GoCall Centre (from MTNL/BSNL lines: 1600-222-111) or ( from all phones: 09223-222-111), GoPCOs, Internet and GoAirport Office.