GO FIRST CONSOLIDATES ITS MARKET POSITION WITH STRONG GROWTH IN MARKET SHARE
Makes it the third largest carrier with 9.80% market share
Mumbai, November 22, 2021: GO FIRST (formerly known as GoAir) registered a growth in market share from 8.2% to 9.8% in the month of October 2021 as per the figures declared by the Directrate General of Civil Aviation. The airline also registered a high seat load factor at 75.4% in October 2021, demonstrating a continuous growth month on month.
The airline had zero cancelled flights and no passenger complaints in October 2021. This speaks volumes about the carrier’s operational efficiency and commitment to optimum customer service.
Mr Kaushik Khona, Chief Executive Officer, GO FIRST, said, “We believe we have consistently performed well and that is reflected in our increased market share The. October results show that we can now look ahead optimistically to more opportunities and growth. Our customers have reiterated their faith in us. Zero cancellation and passenger complaints bear testimony to our relentless efforts to provide exceptional service.”
About GO FIRST:
Founded as GoAir, GO FIRST, which was recently rebranded from GO AIR, is the aviation foray of 285-year-old Wadia Group that comprises leading brands including 150-year-old Bombay Burmah, 140-year-old Bombay Dyeing, 102-year-old Britannia Ltd., 67-year-old National Peroxide Limited, a nine-year-old Bombay Realty.
Disclaimer: Go Airlines (India) Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares (the “Equity Shares”) and has filed a draft red herring prospectus (the “DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in and the respective websites of the Global Coordinators and Book Running Lead Managers at www.icicisecurities.com; www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm; www.morganstanley.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the DRHP, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP for any investment decision. These materials are not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). These materials are not an offer of securities for sale into the United States, Canada or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.