ICICI Securities Limited, Citigroup Global Markets India Private Limited, Morgan Stanley India Company Private Limited
GO AIRLINES (INDIA) LIMITED is an ultra-low-cost carrier (“ULCC”) focused on maintaining low unit costs and delivering compelling value to customers that drives our unit revenues. It is one of the fastest growing airlines in India, with an increase in domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020. (Source: CAPA Report) its target customers are young Indians and MSME businesses, and it believes its product and service offerings are uniquely attractive to these large and growing segments of the Indian population. The young urban and middleclass demographic in India constitutes a majority of the Indian population. More than 75% of the population in India is below the age of 45 years, of which approximately 35% lives in urban areas while the MSME businesses segment in India contributed 33.5% of the GVA of India. (Source: CAPA Report) As a ULCC, we are focused on maintaining a low-cost base and high utilization of our modern and fuel-efficient fleet. As of February 10, 2021, our fleet inventory consisted of 56 aircraft, of which 46 aircraft were A320 NEO models and 10 were A320 CEO models. Of these 10 A320 CEOs, three were in the process of redelivery, which will further enhance the homogenous nature of our fleet. All its aircraft use the same airframe and are ‘sister’ ships with common configurations to reduce operational and maintenance costs.
For year/ period ended ( in Cr.)
|31 Mar 2021||31 Mar 2020||31 Mar 2019|
|Profit After Tax||-1,270.74||-386.6||-31.21|