Flying-Tiger From Germany, joined Aug 1999, 4180 posts, RR: 35 Posted (7 years 8 months 1 week 4 days 21 hours ago) and read 2686 times:
Quote: NEW DELHI (Dow Jones)--Indian budget carrier Go Airlines Pvt. Ltd. Friday said it is in talks with Airbus to buy 20 new A320 aircraft to help it gain a larger share of the country's booming aviation market.
"We will consider availing of the sale and leaseback option," Managing Director Jeh Wadia told Dow Jones Newswires in an e-mail interview.
While he didn't elaborate, a senior GoAir executive valued the deal at $1.4 billion - because the catalogue price of each A320 is $70 million.
Asking not to be named, the executive said GoAir will place the order soon as it is aiming to grow its fleet to 41 airplanes by March 2012, up from the current six.
Cricket From India, joined Aug 2005, 2991 posts, RR: 7
Reply 4, posted (7 years 8 months 1 week 4 days 18 hours ago) and read 2305 times:
At least two creditors are on GoAir's back - they skipped on payments to the BirdGroup to the extent of Rs 2.5 crore (this I know for certain) and some others and the airline has kept its losses down thanks to having a super small fleet, but the real reason people don't want to buy them is the books they have.