GoAir looks at alternative business options
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The Wadia Group-owned GoAir has flown into the black and is now firming up the launch of its international operations next May, apart from getting a foreign airline as FDI partner on board shortly, as reported by Times of India.
Speaking on financials of the unlisted low-cost carrier (LCC) for possibly the first time, GoAir CEO Giorgio De Roni was quoted that the airline had made a profit of Rs 100 crore in FY 2012-13.
“The subsequent financial year 2013-14 was also profitable – all purely from operational side and nothing else (hinting that there was no sale and lease back earning) – but the figure was lower due to the fall of the rupee.”
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