GoAir not in talks with Paramount: Jeh Wadia

GoAir not in talks with Paramount: Jeh Wadia
PTI
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First Published: Mon, Jun 18 2007. 08 00 PM IST
Updated: Mon, Jun 18 2007. 08 00 PM IST
Mumbai: Jeh Wadia-controlled low-cost carrier GoAir on 18 June said it was not in talks for stake sale with Paramount Airways.
“Information surrounding any kind of meeting between GoAir and Paramount regarding enterprise valuation is baseless and holds no ground,” Wadia, managing director of GoAir, said responding to reports on Paramount Airways’ picking up stake in the budget airline.
Wadia said his airline, which currently operates 396 weekly flights to 11 airports across the country, would implement its expansion plans during the medium to long term.
Indicating the airlines is doing well at present, he said: “GoAir is believed to have the highest load factor for the fifth consecutive month with load factor for May 2007 at 86%,” he added.
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First Published: Mon, Jun 18 2007. 08 00 PM IST