The aircraft has accumulated these dues off route navigation, landing and parking at its airports.
The decision comes hours after an A320 neo aircraft of IndiGo suffered engine failure mid-air and made an emergency landing at Ahmedabad airport.
GoAir Managing Director Jeh Wadia is ecstatic. Eight months after ordering 72 Airbus A320 Neos worth over $7 billion (Rs 32,400 crore), he has signed an all-important engine deal for these planes.
At present, six A320 Neo of IndiGo & GoAir are grounded waiting for engine replacement
As a measure to increase productivity and reduce costs amid rising jet fuel prices, low cost airline GoAir has reduced the number of flights to various sectors.
GoAir on Monday said it plans expansion and has ordered 20 A320 aircraft .
A Delhi-bound GoAir flight returned to an isolated bay tonight after the pilot informed the ATC of a bomb scare, an airport spokesperson said. All the passengers have been de-boarded, inspection of cargo in the plane is on and security agencies are carrying out checks, he said.
GoAir announced discounts on fares, starting from December 21.
The national carrier Air India is mulling an all-women crew flight.
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
DGCA said there are 13 aircraft in the airline's fleet in which both the PW engines have been used for more than 3,000 hours.
The CEOs met late last month to discuss the agreement. Industry experts said one advantage would be the fact that GoAir was looking at increasing its fleet to 20 aircraft by 2011. "If SpiceJet acquires the airline, it will gain access to slots for the aircraft orders which it can sell," said an industry expert. Selling order slots has emerged as a lucrative revenue stream for several Indian airlines that are feeling the pinch of falling passenger traffic.
The Wadia group-promoted budget airline, GoAir, is in talks with potential investors to raise around $80-100 million to help propel its future expansion.
GoAir announces its 2nd Anniversary, offers 1.5 million discounted air tickets. The airline is launching this promotion across its entire network.
All GoAir passenger arrivals and departures will now take place from the renovated Terminal 1B here which will have six check-in counters, a press release issued here today stated.
The Wadia Group-promoted budget carrier Go Airlines (India), or GoAir, is gearing up to launch international operations by the end of this financial year or early the next.
It carried more than five million passengers across various sectors registering a growth of 20 per cent.
Chief executive Giorgio de Roni explains to Business Standard the merit of GoAir's cautious approach.
From being a low-fare, low frills airline, GoAir has out of the blue announced the launch of something called 'GoComfort'.
The bookings for the three-day offer commence today.
Private equity investors are in talks with the Wadias for acquiring minority stake in GoAir.
With SpiceJet and Simplifly Deccan all set to give away similar throw-away offers and GoAir looking for similar tie-ups with travel portals, air travellers can expect around 25,000 such cheap-fare tickets on offer up to April 15.
GoAir is offering special packages for the Nehru Trophy Boat Race to be held at\nAlappuzha Punnamada Lake on August 12.
Two of the cabin crew in the aircraft were also found to be without any proper training, they said.
GoAir has signed an agreement with Airbus Industrie toacquire 10 A-320 aircraft with an option of purchasing 10 more, intending to expand its route network in the next few months.
A GoAir plane carrying 168 passengers from Mumbai hit an aerobridge after landing at Chennai airport damaging a portion close to its front door, but there was no report any injuries.
At this price, the ticket would be about 65 per cent cheaper than other return fares.
All 131 passengers are safe after the aircraft landed under emergency conditions at Ahemdabad and the plane has been grounded.
Calculations based on the latest marketshare figures released by the ministry of civil aviation show that while a merger with GoAir or its acquisition would give SpiceJet a marketshare of 15 per cent, a merger with IndiGo would give it a hold over more than a quarter of the market. SpiceJet's current market share stands at 12 per cent.
Chennai-based Paramount Airways is looking to acquire GoAir, the budget carrier promoted by the Wadia Group, in a cash and stock deal, a business news channel reported on Sunday quoting sources close to the development.
Budget carrier GoAir on Tuesday said it has placed orders for purchase of 20 Airbus A320 aircraft to add to its current fleet of five.
With this order for 72 A-320 NEO (New Engine Option) planes worth $7.2 billion, GoAir has a total order book of 92 aircraft worth Rs 43,200 crore ($9.6 billion).
GoAir is believed to be mulling over bringing in a new equity partner from among three aspirants, including a leading Indian corporate and a global venture capitalist - a move that would help the Wadias- promoted airline to expand its fleet to 40 aircraft by 2012.
Air India launched a short-term 'Monsoon Bonanza' scheme under which tickets on 40 select domestic sectors can be bought till Saturday for travel till September 30.
Kingfisher Airlines is launching its flight operations in Jammu from November 25 while GoAir has announced doubling its flight operations, also by the end of this month. Initially, it will operate seven flights a week. The company has appointed staff and raised infrastructure for the operation of its offices in Jammu. Kingfisher has been operating in Srinagar for more than a year.
"We are definitely planning a multi-modal connectivity to certain places apart from destinations we operate. Though we are primarily looking at railways, we might also look at other means of transport such as roads," said Edgardo Badiali, CEO, GoAir to Business Standard. When a passenger books his ticket on the GoAir website, he will also have an option to book a railway ticket for a place of his/her interest close to the destination at the same time.
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