Date:23/02/2006 URL: http://www.thehindubusinessline.com/2006/02/23/stories/2006022303890900.htm

Back GoAir announces acquisition of 20 A-320 aircraft

Our Bureau

Mumbai, Feb. 22

GOAIR, the budget airline promoted by the Wadia family, has announced the acquisition of 20, A-320 family aircraft, valued at $1.2 billion (about Rs 5,300 crore).

A press release here said the additional aircraft would allow it to expand aggressively on the North Indian and the metro-to-metro routes.

The orders were finalised in Singapore on Wednesday by Mr Jeh Wadia, Managing Director, GoAir.

He was quoted as saying the new fleet would help the airline respond to the "tremendous growth in air traffic we are experiencing in India and the increasing demand for GoAir."

The A-320 family aircraft would have a single-class economy layout with 180 seats.

The airline launched in November last year and currently operates three Airbus A320s, on 24 flights covering 11 cities.