Partner to make big difference: Go Air | Latest News India - Hindustan Times
close_game
close_game

Partner to make big difference: Go Air

Hindustan Times | By, New Delhi
Sep 01, 2013 10:54 PM IST

Wadia Group-owned low-cost carrier GoAir has said that strategic partnership with a foreign airline could help it consolidate its presence in the Indian market and develop its international presence.

Wadia Group-owned low-cost carrier (LCC) GoAir has said that strategic partnership with a foreign airline could help it consolidate its presence in the Indian market and develop its international presence.

Giorgio-De-Roni-CEO-Go-Air-during-an-interview-with-HT-at-Taj-Palace-Hotel-in-New-Delhi-HT-Photo-Subrata-Biswas
Giorgio-De-Roni-CEO-Go-Air-during-an-interview-with-HT-at-Taj-Palace-Hotel-in-New-Delhi-HT-Photo-Subrata-Biswas

The airline’s Italy-born CEO, Giorgio De Roni, did not rule out the possibility of GoAir joining a global airline alliance.

Hindustan Times - your fastest source for breaking news! Read now.

The Mumbai-based no-frills carrier is said to be in talks with Qatar Airways among others for an investment deal.

“The (GoAir) management is working on an idea of a strategic partnership to strengthen the company and to help it in future growth. We have a significant number of aircraft to be delivered in the near future and a strategic partnership will consolidate our presence in the Indian market and also our development in international market,” Roni said.

“The decision will be taken by shareholders,” he added.

Roni said that while LCCs are normally not interested in alliances “the evolution is so fast that I would not exclude a partnership with a network carrier ... to have some opportunities”.

He also did not rule out a code-share with a foreign carrier. “As a management, we must be open to interact in the market and analyse if there is an opportunity to deliver better results to our shareholders,” he said.

GoAir, Roni said, had delivered a “good profit” last financial year. The first quarter of 2013-14 “was the best ever in GoAir history,” he said, adding “we are fully confident of delivering a profit this year as well.”

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Tushar was part of Hindustan Times’ nationwide network of correspondents that brings news, analysis and information to its readers. He no longer works with the Hindustan Times.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On