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Airlines

Name: GOAIR
7JetSet7 Code: GOZ
Status: Operational
Region: ORIENT
City: MUMBAI
Country: INDIA
Employees 962
Web: goair.in
Email: feedback@goair.in
Telephone: +91 22 2615 6789
Fax: +91 22 2615 6202
Sita:
Background
(definitions)

Click below for data links:
GOZ-2005-10-INTRO
GOZ-2005-11-A
GOZ-2005-12-NEW ENTRANTS
GOZ-2006-06-ENGINE SELECTION
GOZ-2007-03-ALL OPS-A
GOZ-2007-03-ALL OPS-B
GOZ-2007-03-ALL OPS-C
GOZ-2007-03-ALL OPS-D
GOZ-2007-03-ALL OPS-E
GOZ-2013-01 - A320 WITH SHARKLETS
GOZ-LOGO

Formed in 2004 and started operations in 2005. Domestic, regional and international, scheduled and charter, low-cost carrier (LCC) providing passenger and cargo, jet airplane services.

Address:
Chatrapati Shivaji International Airport
Domestic Terminal 1B
Mumbai 400050, India

INDIA (REPUBLIC OF INDIA) WAS ESTABLISHED IN 1947, IT COVERS AN AREA OF 3,287,590 SQ KM, ITS POPULATION IS 970 MILLION, ITS CAPITAL CITY IS NEW DELHI, AND ITS OFFICIAL LANGUAGES ARE HINDI AND ENGLISH.

Destinations:

Ahmedabad, primarily called the 'Textile City of India' is a top travel destination for business travelers as well as holiday makers. Due to its outstanding business potential and cultural heritage, the recent years have seen a sharp increase in the number of visitors traveling to the city. Apart from this, Ahmedabad also forms an ideal junction to begin on a tour to other parts in Gujarat.

Bengaluru, the capital of Karnataka is 1 of India's most charming cities. Today, it is India's 5th-largest city, the momentum of its industrial and commercial growth not matched in the country. Bengaluru's industrial take-off was spurred by visionaries like Sir M Vishveshwaraya and Seshadri in the early decades of the 20th century, at a time when the industrialization of India was little thought of.

A city comprising of 7 cities within it, Delhi even though plundered innumerable times, still remains a mystery in itself. The city beautifully encloses magnificent landmarks and monuments of its past that themselves narrate the story of their glorious past. Facilities and opportunities in the capital have attracted Indians from far-flung corners of the country, making it a melting pot of all sorts. On the other hand, the presence of diplomatic and trade missions, the growing number of multi-national companies and influx of tourists and visiting professionals have given the city a cosmopolitan air.

Goa - The land of Sun, Sea and Surf is every tourist's favored destination, has gradually carved a place for itself in the list of 'favorite tourist destinations in the world'. Lying on the beautiful west coast of the Indian Peninsula and offering sandy beaches, variety of water sport, incredible natural beauty, carefully preserved heritage museums and multicultural architecture, Goa continues to be an ideal tourist destination for one and all.

Hyderabad is the capital city of Andhra Pradesh. It is a bustling 400-year-old metropolis with an urban population of 4.2 million people approximately. Hyderabad is located on the Deccan Plateau and the Musi River, 650 m above sea level. The physiography of Hyderabad is dominated by hills, tanks, forests, and rock formations.

October 2005: The Wadia Group, best known for its textile brand "Britannia and Bombay Dyeing," launches the airline. Plans to buy 50 new airplanes over the next 5 to 7 years.

Jeh Wadia, Managing Director. Graham Williamson (CEO), ex-(COO) of SkyEurope (SKP).

GoAir (GOZ)'s business model has been created on the 'punctuality, affordability and convenience' model. With this in mind, (GOZ) has strategically tied-up with the Bird Information Systems Private limited (BIS), a leading technology provider of automated aviation and travel related software solutions, for the use of its Airline Inventory and Reservations System (AIRS). The adoption of technology solutions like (AIRS) will enable (GOZ) - The People's Airline, to achieve superior process efficiency and thereby help transfer a greater portion of cost savings to its passengers.

A320-214 (1597, VT-WAZ), (GEF) leased.

November 2005: Indian state-run oil companies reduced the price of aviation turbine fuel by -1.85% effective Nov 1 due to the drop in international oil prices, "Newindpress" reported. For domestic airlines the price per kiloliter has been cut approximately -2% to INR35,761/$792.31 in Delhi and INR36,715 in Mumbai. For international carriers the price has gone down -4% to $609 per kiloliter in Delhi and $601 in Mumbai.

goAIR (GOZ), the latest low-cost carrier (LCC) in India was to launch operations with 1 A320 operating on the following routes:
Mumbai - Ahmedabad = 2x-daily;
Mumbai - Coimbatore = daily;
Mumbai - Goa = 2x-daily.

Launched services Mumbai to Ahmedabad, Coimbatore, and Goa.

Indian Low-Cost Carrier (LCC) goAIR (GOZ) launched its online booking service with the biggest giveaway of seats the region has witnessed. The airline initially distributed 10,000 free seats and will give away another 10,000 in November and December. Managing Director Jeh Wadia said he wants (GOZ) to be India's cheapest and plans to have 36 A320s in service within 3 years. Leases already have been signed for 6, with the 1st service set for November 12 from Mumbai to Goha. Normal fares start at $42 and range up to $120. (GOZ) is owned by the Wadia Group, an Indian food, textiles, chemicals, plantations, health care and education conglomerate.

In the last year, India has experienced a +25% growth with some 16 million tickets sold.

For the 1st 2 years (GOZ) will operate up to 22 used A320's.

A320-214's, (1597, VT-WAZ; 1767, VT-WAY), ex-Iberworld (IBW), (GECAS) (GEF) leased.

February 2006: At an air show largely lacking in new airplane orders, GoAir (GOZ), the Mumbai-based "People's Airline," said in Singapore that it placed a firm order for 10 A320 family airplanes with options for +10 more.

Although deliveries are to start in 2008, Managing Director Jeh Wadia said the exact delivery schedule, final financing mechanisms, mix of A320 types and engine selection have yet to be decided. However, he noted that "financially and commercially, Airbus (EDS) has been incredibly aggressive."

(GOZ) currently has 3 A320s in service with a 4th leased airplane about to arrive and +2 more to come from an earlier lease agreement. Although working with leasing companies to decide the final configuration of the new airplane deal, "at the moment, it is an acquisition," he added.

March 2006: GoAir (GOZ) flies from Mumbai to Ahmedabad, Coimbatore, Goa, & Jaipur; from Chennai to Coimbatore & Hyderabad; & between Bangalore & Hyderabad. New services to Barada, Kochi, Pune & Indore.

Plans to launch a new cargo venture, to be known as GoCargo. Also plans to start an Engineering business under the title of GoEngineering.

April 2006: GoAir (GOZ) announced it is starting service on new routes connecting Mumbai, Delhi, Srinagar, Jammu and Chennai. (GOZ) also announced plans to lunch service from Hyderabad to Mumbai, Delhi and Kolkata. (GOZ) should be finalizing details within the next 45 days.

(GOZ) selected the (CFM56-5B) to power the fleet of 20 A320s (10 firm and 10 option) it ordered at Asian Aerospace in Singapore. The firm engine order is valued at $120 million at list prices. (GOZ) launched last year and operates 4 airplanes serving 14 markets. It plans to grow its fleet to 33 within 3 years. Its order includes the (CFM56) Tech Insertion program, which offers new technologies and improvements to the high-pressure compressor, combustor and high- and low-pressure turbines designed to lower maintenance costs and improve nitrogen emissions and fuel burn.

June 2006: GoAir (GOZ) currently operates a fleet of A320s with 24 flights covering 13 cities, including Jammu & Srinagar.

July 2006: Stray dogs, slums and 200 lawsuits - - modernizing airports in India is not simply a matter of throwing money at the problem. The consortium that won the contract to upgrade Mumbai's Chatrapati Shivaji Airport (BOM) has announced plans to invest about INR70 billion/$1.52 billion over 20 years, but it has conceded that some of its biggest challenges are those that would be foreign to most major international facilities.

"There are drains running through the airport, the Mithi River runs through it, there are slums encroaching on the land, there is a menace of dogs and birds, and there are nearly 400 pending litigations," Sanjay Reddy, Managing Director of (BOM), told reporters. "But we believe there is a lot of potential that can be unleashed," he said.

Mumbai (BOM) and Delhi were privatized by the Indian government in an attempt to attract investment to upgrade its ageing and shabby airports. (MIAL) is a 74%/26% joint venture of a consortium of India's (GVK) Group, Airports Company South Africa and Bidvest Group and the state-run airports operator. Netherlands Airport Consultants and Singapore's Changi Airport are advisors to the consortium.

Reddy said $1.26 billion will be invested in the 1st 7 years of its 30-year lease, and plans include a 2nd runway, a new terminal, and new cargo facilities. The money is being raised through a mix of equity, debt and internal accruals.

10/10 orders A320's (CFM).

October 2006: Has Indian market share of 3.4%.

November 2006: The "Federation of Indian Airlines" is the name of the new industry body created by scheduled passenger carriers in India, according to press reports. Initial members are Air Deccan (DCC), Air-India (AIN), Air Sahara (SAQ), GoAir (GOZ), Indian Airlines (IND), IndiGo (IGO), Jet Airways (JPL), Kingfisher Airlines (KFH), Paramount Airways (PAT), and SpiceJet (ROJ). The group will cooperate in areas such as human resources (HR), maintenance and ground handling, as well as lobbying issues.

(GOZ) announced the start of 3 new routes as a result of the delivery of its 7th airplane. They are:
Chennai to Ahmedabad;
Chennai to Hyderabad;
& Delhi to Hyderabad.

Carried 1 million passengers during its 1st year of operations.

February 2007: Operates 7 A320-200 airplanes on 61 daily flights to 13 domestic destinations.

March 2007: GoAir (GOZ) named former SpiceJet (ROJ) VP Finance, G P Gupta as (CFO), and former Tata Sky executive Birender Ahluwalia as (CCO).

May 2007: (SITA) said it is working with the Airports Authority of India (AAI) to deploy an additional +17 (VHF) ground stations at the nation's airports, enabling Indian airlines and the (AAI) to exchange real-time data with airplanes and allowing "increased safety and efficiency of operations." This will bring (SITA)'s Aircom network in India to 23 stations.

October 2007: GoAir (GOZ) of India took delivery of its 1st directly purchased A320 in Toulouse. (GOZ) ordered 10 180-seat airplanes last year. It launched with 2 leased A320s in November 2005 and added +5 more in 2006. It currently serves 13 cities.

A320-214 (3256, VT-WAE), RBS Aviation leased.

November 2007: A320-214 (3306, VT-WAF), RBS Aerospace leased.

February 2008: GoAir (GOZ) appointed Edgardo Badiali as (CEO). He joins the Indian Low Cost Carrier (LCC) from Italian (LCC) MyAir (MYR), where he was (CEO).

May 2008: SEE NEW LIVERY - - "GOZ-A320-2008-05."

August 2008: After a busy round of consolidation, India’s airline industry seems to be stabilizing around 3 airline groupings with international ambitions: Jet Airways (JPL), Kingfisher (KFH), and Air-India (AIN), and 3 Low Cost Carriers (LCC)s: Indigo (IGO), SpiceJet (ROJ), and GoAir (GOZ). Regional carrier Paramount (PAT) also seems to have big ambitions.

September 2008: (IATA) (ITA) Director General & (CEO), Giovanni Bisignani said that India's airlines could collectively lose as much as -$1.5 billion in 2008, and called on the nation to take "urgent action . . . to help Indian carriers weather the perfect storm of high costs and falling demand." Speaking in New Delhi to the Confederation of Indian Industry, Bisignani noted that commercial air traffic growth in India has slowed dramatically this year, rising +7.5% in the 1st 6 months of 2008 compared to growth of +33% for full-year 2007. He said the country needs to lower the cost for airlines to operate, improve its aviation infrastructure, and adopt global standards. "India is among the most expensive places on the planet to buy aviation turbine fuel," he said. "In August, it was +58% more expensive to buy fuel in Mumbai for domestic flights than in Singapore for international [flights]. Excise duties, throughput fees charged by airport operators, and state taxes of up to 30% for domestic flights, result in a cost structure that cannot support a competitive industry." He added that taxes on overflight charges, premium class tickets and airport charges are "embarrassments" that must be eliminated. Bisignani further called for "infrastructure investments," particularly in Mumbai, which he said "needs an airport that can adequately serve the financial capital of the world's 2nd most populous nation. That means thinking much, much bigger."
Finally, he said that "global standards . . . should be at the heart of India's aviation policy," explaining that "nonstandard data transmission requirements [imposed by the Indian government] for Advance Passenger Information is an added cost burden . . . [and] a serious flaw." He added, "Aviation is a fast-changing industry that is fueling much of the Indian economic success story. But . . . India's decision-making is too slow. [The government needs to make] quick decisions based on global standards and build a solid platform for future expansion."

October 2008: GoAir (GOZ) is a privately owned budget airline operating domestic passenger services to 11 major cities.

Employees = 962.

(IATA) Code: G8. (ICAO) Code: (GOW).

Parent organization/shareholders: Wadia Group (100%).

(http://www.goair.in). (charmaine@goair.in).

Main Base: Mumbai Chatrapati Shivaj International Airport (BOM).

Domestic, scheduled destinations: Ahmedabad; Baroda; Bangalore; Chennai; Coimbatore; Delhi; Goa; Hyderabad; Indore; Jaipur; Jammu; Kochi; Mumbai; Pune; & Srinagar.

February 2009: A320-232 (3798, VT-WAI), delivery.

March 2009: (GECAS) (GEF) announced the delivery of 1 new A320-200 (3827, VT-WAJ) to GoAir (GOZ).

May 2009: A320-232 (3900, VT-WAK), delivery.

June 2009: A320-232 (3915, VT-WAL), delivery.

October 2009: Go Air (GOZ), the smallest of India’s Low Cost Carriers (LCC)s with just 12 domestic cities, began a 13th. Indore, located in central India between Mumbai and Delhi, now has (GOZ) A320 non stops to both.

(GOZ) currently operates 8 A320s and plans to take delivery of
another +12 it has on order.

July 2010: Edgardo Badiali (CEO) resigns to become (CEO) of Senegal Airlines (SNG).

August 2010: GoAir (GOZ) said Air India (AIN)/(IND)’s plan to reduce fares in September when the tourist season starts, is counterproductive. “We don’t see [the need] for (AIN)/(IND) to reduce prices. We hope they realize this is not the right move. We will also have to pull down fares . . . everybody will bleed . . . unfortunate,” said (GOZ) (CEO), Kaushik Khona.

(GOZ) has 8 A320s and plans to add +2 more by October. (GOZ)’s load factors were down in July and August, which are low peak months, said Khona.

(AIN)/(IND) is expected to reduce fares by about -10%, which many say might lead to a fare-war in a debt-laden industry that had just begun to see yields improve. However, (AIN)/(IND) has been historically competitive in its fares. “It is a smart move [by (AIN)/(IND)] to garner market share in the leisure market. Indians traditionally book holidays in advance for the last quarter of the year and (AIN)/(IND) is tapping that market,” said Ratan Shrivastava, Director & Head of Aerospace & Defense at Frost & Sullivan.

GoAir (GOZ) is adding 4 new destinations, with a focus on North India, with almost one-third of its flights originating from Delhi.

(GOZ) is in talks with Airbus (EDS) to “prepone” its deliveries from 2014 for 10 A320s to March 2013. “It is good we placed an order with (EDS) earlier as there is a backlog of orders with (EDS),” said Khona. “We would like to expand faster, start more destinations, but don’t have enough airplanes.” He went on to say that taking on smaller airplanes to allow it to more rapidly expand is “still under evaluation.”

A320-214 (4399, VT-WAM), delivery, ex-(F-WWBC).

June 2011: Domestic Indian traffic data published by their regulatory authority the (DGCA) for January - May showed a +18% increase with market share of: Jet Airways (JPL) 26%; Kingfisher Airlines (KFH) 20%; IndiGo Airlines (IGO) 20%; SpiceJet (ROJ) 14%; Air India (AIN)/(IND)/(AXB)/(ALX) 13%; and GoAir (GOZ) 7%.

GoAir (GOZ) announced it has ordered 72 A320neos. (GOZ) already operates 10 A320s and will take the remaining 10 A320s from its original order over the next 2 years.

Managing Director, Jeh Wadia told reporters that former Air One (ADH) Chief Revenue Officer, Giorgio De Roni will take over as (GOZ) (CEO) and also revealed that (GOZ) has placed 72 "firm" A320neo orders. He added that deliveries will start in 2015 and (GOZ) will then receive 15 A320neos per year.

Founded in 2005, (GOZ) operates just 10 A320s on an 18 destination network.

January 2012: Momentum appears to be building toward removing barriers to foreign airlines investing in Indian airlines, potentially opening up a new source of capital for the country's struggling air transport industry.

Currently, non-Indian airlines cannot invest in Indian airlines, though non-airline foreign investors are allowed to own a 49% stake. A recent government-appointed panel recommended that foreign airlines be allowed to buy as much as 49% of Indian carriers, and high-ranking government officials appear open to the proposal.

New Indian Civil Aviation Minister, Ajit Singh told "The Hindu Business Line" that he and the Ministers of Finance and Petroleum will review the panel's recommendation and make a decision shortly on whether to back legislation opening up foreign direct investment by airline companies.

"Airlines today basically require working capital," he said. "They need money. If the foreign companies can invest in these airlines, it is fine."

February 2012: GoAir (GOZ) has signed a firm order for 144 Pratt & Whitney (PRW) PurePower (PW1100G-JM) engines at the Singapore Airshow. The engines will power its 72 A320neo airplanes ordered at the Paris Air Show in June. The deal is “anticipated” to include a PureSolution maintenance package, (PRW) said. Deliveries are scheduled to begin in 2016.

March 2012: Go Air (GOZ) is considering launching international operations provided it receives government approval despite only operating 11 instead of the 20 airplanes typically required to receive permission for international flights after 5 years of operation. (GOZ) is also looking at options adding smaller Airbus (EDS) jets or turboprops to serve markets with lower demand.

1 A320-200 (GECAS) (GEF) sale and lease back to GoAir (GOZ). (GOZ) currently operates over >150 flights per day with a fleet of 12 airplanes serving 21 destinations across India.

May 2012: GoAir (GOZ) relaunches operations in Chennai with services to Mumbai, Port Blair, and Pune.

July 2012: A320-214 (5232, VT-GOK), ex-(F-WWBS), (GEF) leased.

August 2012: Lufthansa Technik (DLH) (LTK) signed a 10-year component support contract with Go Airlines (GoAir) (GOZ).

The contract covers maintenance support from (DLH) (LTK) for 20 of (GOZ)’s A320 classics and 72 of its A320neo airplanes. (GOZ) expects to enter the A320neo into service in 2016.

(DLH) (LTK) said they will perform maintenance and component repairs at Lufthansa Technik facilities in Germany, while they will provide spare parts to the (GOZ) bases in Mumbai and Delhi.

“Over the past years, Lufthansa Technik has proven its ability to understand the dedicated needs of low cost carriers (LCC)s in the Asian region. Thus, we are sure that we have made the right choice to get the best possible technical support for our growth path in India,” said Giorgio De Roni, (CEO) of GoAir (GOZ).

Spare parts shall be supplied to (GOZ)’s bases at Mumbai and Delhi. The contract also gives (GOZ) access to Lufthansa Technik (DLH) (LTK)’s Technical Operations "WebSuite," which will allow just-in-time inventory management for both parties.

(GOZ), a low cost carrier (LCC), was launched in 2005 by 1 of India’s oldest business families, the Wadia Group. The Group has been very cautious with aviation, choosing to remain marginal players in the Indian market rather than lose money by expanding operations. (GOZ) operates 92 daily flights with a fleet of 13 A320-200s. Though financial details are not known, since (GOZ) is not listed on the stock exchanges, analysts say it has probably lost less money than other Indian carriers in the past 2 years.

September 2012: Go Air (GOZ) as well as Kingfisher Airlines (KFH) and Spicejet (ROJ) have been lobbying for a change in India's foreign ownership restrictions for quite some time now and have finally received what they had asked for. The Indian Heavy Industries Minister, Praful Patel confirmed that the government has now decided to allow foreign investment in Indian airlines of up to 49%. The government will still have to approve any such transaction in the future and at least two thirds of the directors on airline boards need to be Indian citizens. Spicejet (ROJ) has recently confirmed that it is in preliminary talks with Gulf carriers about an investment.

January 2013: GoAir (GOZ), the smallest of India's 5 functioning airlines, lost about -$25 million in the 12 months to March 2012, writes the "Financial Express." That was after earning an $11 million profit the year before. For the current fiscal year, it hopes to break even, thanks to a rise in average fares linked to the demise of Kingfisher Airlines (KFH).

Although (GOZ) has just 15 A320s right now, it ordered 72 A320neos in 2011.

‘The Fly Smart Airline”, wholly owned by the Wadia Group, has taken delivery of its 1st Sharklet equipped A320 airplane financed by (ACG) (Aviation Capital Group) (GCP) under a sale and leaseback arrangement which will see the airplane added to (CGP)’s growing portfolio of A320 family airplanes.

The airplane is part of an order placed by GoAir (GOZ) for 20 A320ceo in 2006. So far 13 airplanes have been delivered to (GOZ) making the first Sharklet equipped A320 the 14th to join the fleet. All subsequent 7 deliveries will be equipped with Sharklets.

March 2013: The Indian government has eased control over airplane imports by airlines and other operators. For decades, airlines, flying schools and non-scheduled operators had to obtain permission for importing airplanes from the Aircraft Acquisition Committee, which was often a bottleneck for airline expansion plans.

This is the 2nd major move by India to liberalize civil aviation in recent months (the 1st was allowing foreign direct investment of up to 49% in Indian carriers). The move will be an incentive for carriers such as IndiGo (IGO) and GoAir (GOZ), which have ordered a large number of airplanes. It will also make the process easier for the proposed AirAsia (ASW)-Tata joint venture, which has ambitious plans to scale up as soon as permissions are in place.

The Ministry of Civil Aviation said that henceforth, operators wanting to import airplanes will need only an in-principle approval, which is mandated by the Indian Aircraft Rules & Reserve Bank guidelines.

The Ministry of Civil Aviation has served as a gatekeeper on airplane acquisitions, mainly to avoid over-capacity. The idea was to control growth so airlines remained profitable, preventing huge losses. With economic liberalization, the government wants airlines to decide for themselves. India’s Minister for Civil Aviation, Ajit Singh said the committee is no longer relevant. The Directorate General of Civil Aviation (DGCA) will deal with airplane import and replacement. The Ministry has approved imports of 97 airplanes by airlines and cargo operators in the last 15 months.

IndiGo (IGO) has a fleet of 35 A320s; Jet Airways (JPL) follows with 33 airplanes. India’s scheduled airlines have a total of about 390 airplanes in their fleets, according to (DGCA) data.

May 2013: GoAir (GOZ) has gone live in 200 days with the Ramco Aviation Suite for 15 airplanes at 21 stations. Ramco’s web-based Series 5 Maintenance & Engineering software and ePublications are integrated with (GOZ)’s Flight Operations system and (SAP).

July 2013: A320-214 (5675, VT-GON), ex-(F-WWBZ), (SMBC) Aviation Capital leased.

April 2014: Honeywell (SGC) and Safran have signed a Memo of Understanding (MOU) with GoAir (GOZ) to support advancement of the (EGTS) electric taxiing system, a technology that can save airlines up to 4% block fuel consumption per flight.

June 2014: 4 domestic Indian carriers have objected to the Tata - Singapore Airlines (SIA) full-service airline venture, slated to launch at the end of this year. The 4 airlines (IndiGo (IGO), SpiceJet (ROJ), Go Air (GOZ) and Jet Airways (JPL)), which control three-fourths of the country’s airline market, have requested the yet-to-be named airline be denied permission to launch.

The carriers have written to the Directorate General of Civil Aviation (DGCA) under the banner of the Federation of Indian Airlines (FIA). They argue the amended foreign direct investment (FDI) rules, which allow foreign airlines to buy up to 49% equity in Indian carriers, were meant for existing carriers, not startups. Indian airline analysts say the carriers are trying a last ditch effort to protect their turf.

Tata - (SIA) Ltd is a joint venture (JV) between Indian conglomerate Tata Sons Ltd (with a 51% stake) and Singapore Airlines (sia) (49%). The airline has begun hiring this week. It plans to start with a fleet of 5 Airbus A320s and an initial investment of $100 million.

The airline’s board has cleared the appointment of Singapore Airlines (SIA)’s Phee Teik Yeoh as (CEO).

In February, the (FIA) tried to block AirAsia India (AAI), a new low-cost carrier (LCC) that launched this month. (AAI) is also a new company (a (JV) between the Tatas, Malaysia’s AirAsia Bhd and Arun Bhatia of Telestra Tradeplace.

The regulator dismissed the objections, saying the government made it clear the policy was meant for both existing and new airlines. In a move that will help the 2 new airlines, the Indian government has agreed in principle to scrap a rule requiring airlines to operate for 5 years or have a fleet of 20 airplanes before they are allowed to launch international flights.

The rule has prevented incumbent carriers from launching more lucrative, international operations. The Indian airline industry is in a crisis mode with most carriers reporting losses over the past four years.

July 2014: India’s GoAir (GOZ) has selected Accelya’s "REVERA Next" to automate its revenue accounting process, build in better audit controls and be future-ready to accommodate any changes in business model.

June 2015: GoAir (GOZ) has appointed Wolfgang Prock-Schauer as (CEO), succeeding Giorgio De Roni. Prock-Schauer (who was (CEO) of Jet Airways (JPL) from 2003 - 2009) now returns to India to take up the new position June 15, according to a (GOZ) management source.

Prock-Schauer was (CEO) of airberlin (BER) until February of this year; before that he was (CEO) of former British-based, Lufthansa subsidiary (bmi) (BMA).

The source also said that Prock-Schauer will prepare Wada Group-owned GoAir (GOZ) for its largest growth phase starting early next year, which is when (GOZ) begins introducing 72 Airbus A320neos into the fleet. The delivery process should take about 3 years.

Founded in 2005, privately owned GoAir (GOZ) has a market share of 9% in India. In 2014, it reported load factors of up to 79% LF.

According to its website, (GOZ) currently operates 19 Airbus A320s, which perform 140 daily flights and approximately 975 weekly flights across 22 destinations.

November 2015: GoAir (GOZ) has substantially expanded its relationship with Lufthansa Technik (DLH) (LTK), adding 18 (CFM56-5B) overhaul events to the prior 16 events.

February 2016: GoAir ((IATA) Code:G8, based at Mumbai International) (GOZ) is set to select Goldman Sachs, Bank of America Merrill Lynch, and Kotak Mahindra bank as underwiters for its planned INR10.22 billion/USD150 million (IPO), informed sources have told India's "Economic Times."

Though exact details are still scant, it is believed (GOZ) the budget airline will offer a 24% stake up to investors through a placement on the Mumbai Stock Exchange.

A subsidiary of India's Wadia Group, (GOZ) is India's 5th largest airline by market share operating a fleet of 19 A320-200s on flights to 22 destinations across India. It has an additional 72 A320neos on order with deliveries scheduled to commence later this year.

April 2016: News Item A-1: Key Indian international airports at Delhi and Mumbai are experiencing accessibility problems as a result of traffic volume increases and infrastructure upgrades.

Airport operator Delhi International Airport Ltd (DIAL) said surface improvements on the airport’s Runway 10/28 would take 1 week from April 5, but carriers would not be inconvenienced. However, some carriers have warned passengers to expect delays during the maintenance period.

(DIAL) said remaining runways, 09/27 and 11/29, would be fully available on a 24/7 basis to handle traffic and that “these 2 runways will be sufficient to take care of the current need of air traffic movement.”

In addition, low-cost carrier (LCC) IndiGo (IGO) issued a statement to travelers April 8 saying that “consequential delays and congestion” are to be expected during the upgrading work at Delhi International.

At Mumbai's Chatrapati Shivaji International Airport, IndiGo (IGO), SpiceJet (ROJ) and GoAir (GOZ) have all noted there are accessibility issues and extra costs involved with a planned relocation from the existing Terminal 1.

National carrier Air India (AIN)/(IND), which was the launch airline at the new terminal late last year, has advised passengers on some domestic flights to check-in up to 3 hours before takeoff because of extra security and check-in procedures.

Airport operator, Mumbai International Airport Limited (MIAL) is keen to move the (LCC)s to the new facility to improve overall capacity and service quality, but several (LCC)s and passenger groups have raised issues about the extra times required, as well as resulting increased operating costs and the longer distance between parking gates and terminals for transit passengers.

News Item A-2: "GoAir Plans to Take Delivery of 1st A320neo in May" by (ATW) Kurt Hofmann, April 6, 2016.

GoAir (GOZ), owned by the Wada Goup, plans to take delivery of its 1st Airbus A320neo in May if it is confident in the performance of the Pratt & Whitney (PRW) (PW1100G) geared turbofan (GTF) engines powering the aircraft.

(GOZ), which currently operates a fleet of 19 A320s, has 72 A320neos on order (all set to be powered by GTFs) and confirmed that it is slated to take delivery of 8 A320neos by May 2017. But (GOZ) is concerned about the startup restrictions currently imposed on (GTF)-powered A320neos.

Qatar Airways (QTA) already has backed out as the planned A320neo launch operator late last year, owing to the restrictions and Lufthansa (DLH), which became the replacement launch customer, said that it agreed to accept its 2nd A320neo only after reaching a compensation deal with Airbus (EDS). (DLH) has said it won’t accept its 3rd A320neo until it is satisfied that hardware and software fixes being made by (PRW) on the (GTF) are sufficient to allow it to operate the aircraft “throughout our European network and not only on domestic routes.”

(GOZ) is negotiating with (PRW) over what kind of technical support it can get for its 1st A320neo scheduled to be delivered in May. A (PRW) spokesperson said the company does not discuss customer contractual issues, but is “proud to count (GOZ) as a (PW1100G) engine customer.”

Regarding the operating restrictions that have slowed the startup time for (PW1100G)s, the (PRW) spokesperson said the engine manufacturer “is in the process of introducing modifications that will bring the motoring time in line with engines in service today. Engines being delivered from our production facility in June 2016 will be at this standard.”

(GOZ), founded in 2005, operates 140 daily flights. In March, Indian low-cost carrier (LCC) IndiGo (IGO) took delivery of its 1st A320neo, also powered by the (GTF), making it the 1st Asian airline to receive the A320neo and the 2nd operator of the aircraft after (DLH).

October 2016: "India to Launch Regional Flight Scheme Next Year" by
(ATW) Alan Dron alandron@adepteditorial.com, October 21, 2016.

The Regional Connectivity Scheme (RCS), announced originally in July 2016, is designed to encourage more flights in what is already a fast-expanding air travel sector. Passengers will be able to take advantage of a fare capped at a maximum of 2,500 rupees/$37 for every 500 km/270 nm flown.

India’s Ministry of Civil Aviation (MOCA) said it aimed to “enhance regional connectivity through fiscal support and infrastructure development.”

Setting out details of the (RCS), (MOCA) noted an (ICAO) study found air transport had a beneficial effect on both economic output and employment, by factors of 3.25 and 6.10, respectively. In India’s case, this would mean that every 100 rupees spent on air transport would contribute to 325 rupees worth of economic benefits, while every 100 direct jobs in air transport would result in 610 jobs in the wider economy.

This “ripple effect” could be expected to amplify the existing trend of consumption-led growth in populated metropolitan areas spilling over into the wider hinterland, the Ministry said.

Additionally, as production costs in the economy rose in densely populated metropolitan areas, air connectivity could provide impetus to the economic growth of more remote regional towns and cities.

The government has said that central funding, plus a small levy on existing routes, will help pay for the scheme, while Delhi will also earmark 40 billion rupees to re-open 50 disused airports within 4 years. Some airline industry executives have expressed reservations about the levy, but the (MOCA) said the (RCS) would boost the overall market. “When we jump-start the regional aviation market, the beneficiaries will be the airlines themselves. They will get a lot more traffic,” "Reuters" news agency reported junior Civil Aviation Minister Jayant Sinha as saying on October 21. The government plans to reduce taxes on fuel and other related aviation services to (RCS) route operators, who will bid for sectors.

"Reuters," quoting a senior government official, said airlines that successfully bid for (RCS) routes would have exclusivity on them for 3 years, after which the level of government subsidy would taper away as the sectors hopefully became self-sustaining.

January 2017: A320-271neo (7330, VT-WJE), ex-(D-AXAJ) delivery.

March 2017: A320-214 (3972, VT-GOS), ex-(OE-IFN), (SMBC) Aviation Capital leased.

Fleet:
(definitions)

Click below for photos:
GOZ-A320 - 2012-03
GOZ-A320 VT-WAZ
GOZ-A320-200 - 2016-02.jpg
GOZ-A320-214-MAY09
GOZ-A320-MAY08

June 2017:

3/10 ORDERS A320-200, 180Y:

1 +71 ORDERS A320neo (PW1100G-JM) (7330, VT-WJE), EX-(D-AXAJ) 2017-01.

3 A320.

2 A320-214 (CFM56-5B4/P) (1597, /01 VT-WAZ - SEE PHOTO; 1767, /01 VT-WAY), EX-(IBW), (GEF) LSD 2005-11. 180Y.

2 A320-214 (3256, /07 VT-WAE (DARK RED); 3306, /07 VT-WAF (LIGHT RED)), (RBS) AEROSPACE LSD. 180Y.

3 A320-214 (CFM56-5B4/P) (3597, /08 VT-WAG; 3616, /08 VT-WAH; 4399, VY-WAM, 2010-08), 180Y.

1 A320-214 (CFM56-5B4/P) (3972, VT-WJE), EX-(OE-IFN), (SMBC) AVIATION CAPITAL LEASED 2017-03. 180Y.

2 A320-232 (V2527-A5) (455, /95 VT-WAA (LIGHT GREEN); 471, /95 VY-WAB (ORANGE)), EX-(AMW), (GEF) LSD. 180Y.

7 A320-232 (V2527-A5) (1482, /01 VT-WAC (LIGHT BLUE); 1509, /01 VT-WAD (PINK); 3798, VT-WAI, 2009-02; 3827, VT-WAJ, 2009-03; 3900, VTY-WAK, 2009-05; 3915, VT-WAL, 2009-06 - - SEE PHOTO - - "GOZ-A320-214-2009-05;" 5232, VT-GOK, 2012-07; 5675, VT-GON, 2013-07), (GEF) LSD. 180Y.

Management:
(definitions)

Click below for photos:
GOZ-GIORGIO DERONI CEO 2012-02

JEHANGIR (JEH) WADIA, MANAGING DIRECTOR.
Jeh Wadia is the Managing Director of Go Airlines (India) Pvt Ltd (GOZ). In his current capacity, he is piloting the Wadia Group’s aviation foray on the path of a success story. An alumni of Millfield School in the UK, where Jeh completed his GSCE. He then went on to achieve his Master of Science from the Warwick University in Coventry, UK.

Jeh Wadia started his professional career on the shop floor of The Bombay Dyeing & Mfg Company Ltd, Mumbai. His initial appointment was as the Spinning Manager and Weaving Manager in the Textile Mills. In 1995, as General Manager, Exports he successfully led the company’s exports business for two years. In 1997, he was given the additional charge of Production Planning & Control Systems, where he introduced (ERP), (MRP) and single point of customer contact (SPOCC).

In 1998, he founded “The Incubation Corporation” with an objective of investing in start-up companies India & the USA. The investors of this corporation included some of the best names in corporate India. These are Ratan Tata, Rupert Murdoch, etc. He also conceptualized and helped the implementation of Tatanova, an internet service provider and horizontal website, now fully owned by the Tata Group.

During this time, Jeh Wadia founded the Integrated Clinical Research Sciences (ICRS) which specializes in clinical research and clinical trials in India. In 2002, Jeh Wadia was appointed as Deputy Managing Director of The Bombay Burmah Trading Corporation based in Mumbai, India.

At this time, he also led the restructuring of the Wadia Group. One aspect of the Group’s restructuring involved considering new financial investments and strategic forays by the group. One such financial investment was a joint venture with The Port Singapore Authority (PSA), and the launch of the group’s aviation foray, GoAir (GOZ), the airline started operations in 2005. Under the leadership of Jeh Wadia, the Group’s other strategic investments have been in the financial services, retail and real estate arena. Jeh also co-founded a Real Estate and Retail Fund along with other retail/real estate operating Joint Ventures (JV)'s and has also initiated the Institutionalization of Financial Services in the Wadia Group.

His tremendous drive and enthusiasm coupled with an innovative approach of doing business has resulted in the creation of successful companies providing considerable shareholder value.

Jeh Wadia spends his free time as a volunteer with the Deendayal Research Institute (DRI), under the leadership of Nanaji Deshmukh. (DRI)'s core competence is to develop working models in making Indian Villages Self reliant. Some of the models are based on the concepts of health and hygiene, education, entrepreneur training, agriculture development, and many more. (DRI) has adopted 500 villages in Chitrakoot, to make them totally self-reliant using these models. His dream is then to distribute the knowledge to 6,000,000 villages making them all self reliant in his life time.

WOLFGANG PROCK-SCHAUER, CHIEF EXECUTIVE OFFICER (2015-06).

G P GUPTA, CHIEF FINANCIAL OFFICER (CFO), EX-(ROJ) (2007-03).
G P Gupta, a young and energetic Fellow Member of the Institute of Chartered Accounts of India, brings with him excellent insights and proven track record in Finance function across various facets like Accounting, Banking, Leasing, Treasury, and Taxation, with large international companies. He has held responsible and challenging assignments in highly competitive environments across various industrial sectors including Aviation, Office Automation and Telecom with strong acumen in setting up new projects.

Mr Gupta was the youngest Financial Controller for Xerox India where he has extensively worked on Indian (GAAP) & USA (GAAP). Mr Gupta was a member of the core team that set up Spice Jet (ROJ) in India. He was instrumental in setting up the Internet Based Reservation System, Revenue Management System, Internet payment Gateway, and Treasury Function. His leadership qualities and a humane approach to Finance, along with his enthusiasm and always wanting to the best have given him success in his challenging assignments.

BABU PETER, EXECUTIVE VP ENGINEERING, EX-(AIN)/(IND).
Babu Peter (Executive VP Engineering), a first class Engineering Graduate, has 35 years of aviation exposure in Air-India (AIN) and Indian Airlines (IND). Prior to being Functional Director, Indian Airlines (IND), he was Director, Engineering in Air-India (AIN). He has served the National carrier in Various Capacities during his long and successful tenure with them and was instrumental in improving punctuality, quality of the fleet and made significant changes in Jet Engine Overhaul Complex to improve engine production.

Babu Peter has over the years held many responsible and prestigious positions in various forums. He represented Air-India (AIN) in the (IATA) (ITA) Engineering and Maintenance committee, was Theme Leader for the European Union (EU) India Civil Aviation Project appointed by the Ministry of Civil Aviation, a Fellow and VP of the Aeronautical Society of India, and Council Member of the Society of Aerospace Technology & Industry.

V K SHARMA, CHIEF OPERATIONS.

BIRENDER AHLUWALIA, CHIEF COMMERCIAL OFFICER (CCO).

 
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