GoAir to invest in cargo, engineering

GoAir, India’s private airline announced that the group has decided to looks at investments in GoEngineering, GoGround Services, GoCargo and several other Investments। Jeh Wadia would continue to be the Managing Director as part of GoAir’s overall business strategy and expansion plans. The future CEO will report directly to the Managing Director and would pilot the airlines day-to-day business operations.

Jeh Wadia, managing director of GoAir said, “As part of our expansion and business plans, GoAir is currently planning to expand its fleet size to 18 by 2009 and 35 by 2011 that would be fully funded internally। This is a conservative plan and will be revised to more aggressive growth once the industry shows signs of improvement.”

Currently, GoAir operates 396 weekly flights to 11 airports across the country and has had the highest loads for the months January, February, March, April, May and June (90 per cent). It also has the highest market share per aircraft in the industry.