GoAir

GoAir is an Indian Low cost carrier based in Mumbai. It commenced operations in November 2005. It is the aviation foray of the Wadia Group. As of January 2014, it is the fifth largest airline in India by market share. It operates domestic passenger services to 22 cities with over 140 daily flights and approximately 975 weekly flights. Its hubs are at Chhatrapati Shivaji International Airport, Mumbai and Indira Gandhi International Airport, New Delhi.

History

GoAir was founded in the year 2005 by Jehangir Wadia, the younger son of eminent Indian industrialist Nusli Wadia. The airline marked the entry into the critical aviation sector for the Wadia Group, an Indian business conglomerate famous for its companies like Bombay Dyeing and Britannia Industries. The Wadia group wholly owns the airline. Jehangir Wadia is also the Managing Director (MD) of the airline. GoAir launched its operations in November 2005 using Airbus A320 aircraft.

Since January 2007, GoAir has been recording an average load factor of 76%. But the airline's growth has been slow, with other airlines established at the same time such as IndiGo and SpiceJet having overtaken GoAir in terms of market share, fleet size and destinations served as of 2013. However, according to Wadia and Chief Executive Officer (CEO) Wolfgang Prock-Schauer, the slow growth of the airline is a company strategy taken up due to the tough aviation environment in India, as a result of which the focus is on maintaining profitability rather than on capturing market share and increasing the destinations and fleet size.