GoAir steht zum Verkauf

The promoters have always maintained that GoAir is a profitable, debt-free company; it posted a profit after tax of Rs 200 crore in FY17. The numbers for FY18 have not been declared so far by the company, but according to sources, GoAir has suffered huge losses, something which is in line with other aviation companies. “GoAir is not truly profitable. Market dynamics have significantly changed and it is getting increasingly difficult for GoAir, as they do not have a robust network and no formidable market share. It has also grown at a very small pace and is a good consolidation target,” said an industry expert, adding that GoAir is stuck with a huge aircraft order (120 Airbus A320neos) but has not expanded its network either in domestic or international markets. As per sources, it is understood that it is re-negotiating the aircraft order contract with Airbus.

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