Thursday, September 21, 2006

‘EXPANSION’ IS IN THE AIR!

INDIAN SKIES OFFER MORE, BUT WILL THE BOOM LAST?
Today, the magic word for operators in Indian skies to achieve everything they aim for is ‘expansion’! Look at the manner in which almost every airline is on an aircraft buying spree, staking a claim to the ever-growing bunch of sectors and ferrying more and more passengers every year, and you get a whiff of what we are getting at. The latest to hop on to the expansion bandwagon are low-cost airline GoAir and the rejuvenated Air Sahara. GoAir has announced the commencement of fresh sectors with the addition of new aircrafts to its existing fleet, ruling out any equity or debt financing plans in the near future.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006