GoAir to launch Go Cargo and Go Ground later this year

GoAir to launch Go Cargo and Go Ground later this year

The Wadia Group owned airline company GoAir has said in a statement that they would be launching two new services named Go Cargo and Go Ground sometime later this year.

GoAir is also currently considering proposals from various investors interested in picking up a stake in the company.

GoAir managing director, Jeh Wadia said in a statement that while Go Cargo would provide cargo related services, Go Ground would concern itself with ground handling services.

He also talked about a deal between his airline company and the Singapore Airline Engineering Company, for the maintenance, repair and overhaul (MRO) of aircraft. This deal would become functional in July this year.

Wadia added about these new upcoming services: “The decision to invest in these support services was probably a good one as this would help reduce our costs”.

He further said: “While we are not offloading any stake, several HNI, FII and also strategic investors, some of whom have experience in the aviation sector, have shown an interest in the airline. The various offers are for picking up between 26 and 45 per cent stake. Even as the proposals are being examined, we are clear that the management of the airline will remain with the Wadia group.”

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