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Showing posts with label goair. Show all posts
Showing posts with label goair. Show all posts

Thursday, January 19, 2012

GoAir to launch new flights to Ranchi, Kolkata from Feb 5

NEW DELHI: Aiming to make its presence felt in the tier-II cities, budget airlines GoAir will be launching four additional flights to Ranchi and Kolkata in February from here.

From February 5, GoAir will introduce two additional flights from Delhi to Kolkata and Ranchi. Also, the airline will increase its frequencies to and from northwest India, an airline spokesperson said.

"Delhi is now connected to Kolkata and Ranchi by double daily service which facilitates day return trips for business travellers," he said in statement.

The new flight (G8 719) would leave Delhi at 6.20 AM and reach Ranchi at 7.55 AM and the return flight (G8 720) leave Ranchi at 8.25 AM and reach Delhi at 10 AM.

Similarly, the flight for Kolkata (G8 715) would leave Delhi at 5 PM and reach there at 7.10 PM and on the return trip, flight (G8-716) would take off at 7.45 PM and reach the national capital at 10.10 PM.

The airline also announced that it would increase its frequencies to and from northwest India from February 5.

GoAir touches 21 destinations with 90 daily flights, the spokesperson said adding that the company, which has a fleet of 11 aircraft, would induct three new Airbus A320 this year.

Thursday, September 15, 2011

Indian carriers chart strategy for lean season

India’s domestic carriers, struggling with mounting losses amid a fare war unleashed by Air India Ltd, met in Mumbai on Monday to decide on a strategy to shore up revenue and widen margins in a move that’s being watched by the aviation ministry.

“They want to hike base fares,” said one of three airline officials with direct knowledge of the meeting and what was discussed. All of them declined to be identified because of the sensitivity of the matter.

The post-lunch meeting, which was called at short notice, was held at Mumbai’s Waterstones Club, close to the international airport.

Representatives from state-owned Air India and budget carrier IndiGo, run by InterGlobe General Aviation Pvt. Ltd, didn’t attend.

The Directorate General of Civil Aviation (DGCA), the industry regulator, said it would investigate any efforts at cartelization, but was not aware of any such activity.

“We are watching the price scene situation very closely. There is a fare-monitoring unit in DGCA,” said director general Bharat Bhushan, who has been leading a campaign to root out pilots who’ve got their jobs with the help of forged documents. “So far we haven’t seen fares change.”

Those who attended the meeting included Jet Airways​ (India) Ltd executive vice-president Anita Goyal, Kingfisher Airlines Ltd chief executive officer (CEO) Sanjay Aggarwal, SpiceJet Ltd CEO Neil Mills and GoAir CEO Giorgio De Roni.

SpiceJet’s Mills declined to offer any comment. Email and calls to the Jet Airways’ spokesperson remained unanswered.

Kingfisher’s Aggarwal and GoAir’s De Roni didn’t reply to emailed questions.

The meeting came at the start of the two-week period considered the leanest of the year with many Indians avoiding travel because of religious sentiments, according to one of the officials cited above.

“It’s going to put a lot of pressure on the October-December quarter,” this official said, following the losses posted by all three listed airlines in the April-June period, traditionally considered the second best by way of profitability.

Jet Airways, along with its subsidiary JetLite, made a loss of Rs.128.36 crore, Kingfisher Rs.263.54 crore and SpiceJet Rs.71.96 crore in the first quarter of this fiscal compared with profits for Jet and SpiceJet year-on-year (y-o-y).

The current quarter is expected to be worse and it won’t get much better for the full fiscal, said an analyst.

“Q2 (second quarter) is going to be a disaster,” said Kapil Kaul, South Asia CEO of Centre for Asia Pacific Aviation. “There is a negative sentiment about the airline industry. And Q2 would further increase the downward bias. All the stocks will be serious underperformers. In this year, everyone will lose.”
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