GoAir denies merger talks with SpiceJet, says expansion on trackMarch 25th, 2009 - 6:31 pm ICT by IANS
New Delhi, March 25 (IANS) Denying reports that the company was in talks with budget carrier SpiceJet for a possible merger, low-cost operator GoAir Wednesday said its expansion plan was on track despite bad market sentiments.
“We are not looking at any kind of consolidation or merger with SpiceJet or any other airline. It’s one of many rumours,” GoAir chief executive Edgardo Badiali told reporters here.
Earlier this month, there were media reports that both GoAir and SpiceJet were looking for consolidating operations or even a possible merger.
The Indian aviation sector has seen three major mergers since 2007 - Jet Airways-Air Sahara, Air Deccan-Kingfisher and Air India-Indian Airlines.
The airline, which currently operates a fleet of four A320 Airbus, last month bought two new aircraft as part of its expansion plans.
It will add 18 more aircraft by 2012.
“The funding for the first 10 aircraft has already been made while we are exploring options for finance for purchasing 10 others”,” Badiali said.
An A-320 airbus costs about Rs.200 crore ($40 million), he added.
GoAir will take the delivery of two more aircraft by June-end this year and two more by the year-end.
The company is also planning route expansion. GoAir has already added new destinations namely Bangalore, Chandigarh and Amritsar, Badiali said.
- Goair flies new aircraft on Goa-Bangalore service - Aug 22, 2012
- GoAir orders Pratt & Whitney engines for 72 Airbus aircraft - Feb 15, 2012
- IndiGo begins international operations - Sep 01, 2011
- Better deals in offing for those flying abroad - Mar 06, 2011
- Ajit Singh calls Air India unions for talks (Lead) - May 17, 2012
- SpiceJet allowed to directly import ATF - Apr 18, 2012
- SpiceJet to start Madurai-Colombo service - Aug 29, 2012
- SpiceJet links Thiruvananthapuram to Hyderabad, Chennai - Oct 07, 2011
- SpiceJet to base newly acquired aircraft in Delhi - Jul 05, 2012
- GoAir orders 72 aircraft from Airbus - Jun 16, 2011
- Kingfisher's market share falls to fifth place in November - Dec 22, 2011
- IndiGo to commence Delhi-Dubai flights from Sep 1 - Jun 14, 2011
- Air India, Jet Airways India to lease 35 Airbus planes - Dec 08, 2010
- IndiGo goes international from August - Jan 19, 2011
- Air India to cut loss-making routes (Lead) - Jun 05, 2012
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