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‘GoAir wants to play a key role in India’s growth’

Giorgio De Roni, CEO, GoAir speaks with T3 about 2013 and GoAir’s expectations from the new year

How has the year 2013 been for GoAir? What load factor has the airline enjoyed so far, and how much growth has it notched on average year on year?

The financial year ended on 31 March, 2013 delivered a profit of more than Rs. 100 crores. In this financial year, we recorded the best ever result in the first quarter. Afterwards, the overall environment has been challenging with higher cost of fuel and a significant depreciation of the Indian rupee against the US currency. We have, however, recorded some reasonable results in December. In the first eight months of this financial year, Go Air has increased the number of departures by approximately 20 per cent, owing to the deployment of four new aircraft, and has recorded a 24 per cent increase in passengers carried, thereby increasing the seat occupancy.

What are the airline’s plans for the next few years in terms of fleet enhancement and additional routes?

In the next few months, GoAir will add three additional aircraft and will reach the threshold of 20 aircraft in July 2014. We might, therefore, expect a partial deployment of the additional capacity on international markets, although our focus will remain on domestic sectors. India is expected to become the third largest domestic market in the world by 2020 and GoAir wants to play a key role in this growth.

The airline had speculated growth in routes to tier II cities. Has there been progress on this front?

Since years, our growth has been stronger in metro-to-non-metro routes. Also, recently, the deployment of the new aircraft has allowed us to further grow in Jaipur, Kochi, Lucknow and J&K. It is premature now to share plans for our international network. However, our growth in tier II will continue in 2014.

Has GoAir been working with the Indian travel trade in any way to increase bookings?

We are very proud to have been recently awarded by TAAI as the Most Agent Friendly Airline. Travel agents represent by far the key partners for us and we are committed to further strengthen the relationship with them.

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