Wadia Group’s no-frills airline GoAir is expanding its operations and increasing fleet. The airline has decided to scale up its fleet
size to 35 by March 2011 from the existing six in two tranches. It will add 20 aircraft by this year and later bring in another nine in the next two years.
The proposed expansion coupled with the tumbling crude and ATF prices will help the business break-even faster, said a GoAir executive. He, however, did not disclose the investment required for the expansion. The exact financial performance of the company is not in the public domain. Industry experts say that the company incurred “substantial loss” last year.