Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

GoAir to start international operations next April

May 21 2014, 10:24 IST
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Budget airline GoAir plans to start international operations from April next year. (Reuters) Budget airline GoAir plans to start international operations from April next year. (Reuters)
SummaryGoAir will deploy 13% of its capacity to international operations within five years from the start.

Budget airline GoAir plans to start international operations from April next year, even as it wants to maintain focus on domestic operations with passenger output on the rise.

GoAir CEO Girgio De Roni said the carrier will deploy 13% of its capacity to international operations within five years from the start, while the rest would remain in domestic service.

India’s aviation market is catering to 11.7 crore domestic passengers and 4.30 lakh international passengers a year. The civil aviation ministry has projected this to go up to 33.7 crore and 8.4 crore respectively by 2020.

“The Indian market will remain to be the key growth driver for the aviation sector and so GoAir will continue to keep its focus on domestic operations, though international operations would add value to its business,” Roni said, adding the airline would add another aircraft to its fleet by July. After that, it will apply for an international licence.

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