GoAir to connect Kolkata by middle of next year

GoAir to connect Kolkata by middle of next year
PTI
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First Published: Wed, Sep 19 2007. 05 41 PM IST
Updated: Wed, Sep 19 2007. 05 41 PM IST
Kolkata: Low cost carrier GoAir on 19 Septemeber said it would start Kolkata operations from the middle of next year.
“We are consolidating our operations at the moment,” GoAir Managing director Jeh Wadia told reporters here.
The airliner plans to go up to 90 flights per day to various destinations across the country, from the present 60 flights a day with a fleet of A320s.
The company has ordered 20 more A320s at a cost of USD 1.2 billion, the first of which would be delivered this month, he said.
Wadia said the growth in aviation industry was being hampered in the country due to inadequate infrastructure, poor policies and taxation structure.
Conceding that the company was in the red at the moment, he expressed hope that it would be among profits by the middle of next year.
“We want to grow slowly and not become aggressive,” he said.
The airline company is also planning to enter the capital market in 2009.
“We want to come out with an IPO in 2009,” Wadia said.
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First Published: Wed, Sep 19 2007. 05 41 PM IST