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GoAir Orders GTF For Its A320NEO

Thu Feb 16, 2012 7:11 am

Another vote of confidence in GTF. As per the article, GoAir expects to breakeven in 2012 with a 12% rise in yields over the previous year. GoAir has 6% market share in India.

The Wadia Group-promoted budget airline GoAir announced a billion-dollar engine deal (on list price) with Pratt & Whitney on Wednesday for its 72 A320neo aircraft, firm orders for which were placed with the European airplane maker Airbus in June last. GoAir placed an order worth $7.2 billion for the aircraft deal, and deliveries will start by 2016.

GoAir chose these 144 PurePower PW1100JM engines over its current CFM engines that are fitted on its existing A320 fleet as the new engines would result in substantial fuel cost savings for the budget airline. GoAir will fund the engine acquisition through a mix of debt and equity.

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