Go Air to buy 20 Airbus A320 aircraft
Go Air plans to buy 20 Airbus A320, as the start-up budget airline ramps up in a fast-growing and increasingly crowded local market.Updated: Feb 22, 2006 16:52 IST
Go Air said on Wednesday it plans to buy 20 Airbus A320 aircraft, as the start-up budget airline ramps up in a fast-growing and increasingly crowded local market.
Speaking over the phone from the Asian Aerospace air show in Singapore, Go Air head Jeh Wadia said the order included 10 firm orders and 10 as options, though he did reveal the value of the deal.
Go Air, which began operations last October, competes with state-owned domestic carrier Indian, Jet Airways Ltd and other discount airlines such as SpiceJet Ltd and Air Deccan.
On Tuesday, SpiceJet announced a $1.4 billion deal with Boeing Co that converted options for 10 737 planes into firm orders and took on an additional 10 planes as options.
An estimated 19 million domestic passengers travelled by air in India during the year to last March, and the market is forecast to grow by more than 20 per cent a year over the next five years, boosted by rising incomes and lower fares.
First Published: Feb 22, 2006 16:52 IST