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Mumbai GoFirst is expected to receive Rs 210 crore under the government's credit line scheme next month as the budget airline looks to boost its financial position and expand business.
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The airline, which received Rs 210 crore from promoters last month, aims to have 53 operational aircraft in its fleet by early April this year, its CEO Kaushik Khona told PTI.
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There will be a spurt in airfares in April-June and that is why we are giving benefits to passengers (by way of special fare offers) so that they can book well in advance."
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Under the Emergency Credit Line Guarantee Scheme (ECLGS), which has come as a relief for many pandemic-hit areas, GoFirst has availed Rs 600 crore so far.
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Seven new Airbus A320neo aircraft will be inducted by the first week of April. Of this, the airline had inducted one such aircraft last week.
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“Today, we already have 37 aircraft in operation, and we are looking at receiving 20 serviceable engines by March, which means that by April
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"This will enable us to operate 397-400 flights per day and thus, we will cross the previous peak of our daily flights as well as fleet numbers by a large margin," he added.
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Also, fuel cost declined from a high of 60 per cent in September to 42 per cent and better yields along with rising demand for air travel are helping the carrier,
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This month, aviation regulator DGCA fined GoFirst Rs 10 lakh for an incident where 55 passengers were left in a passenger compartment at the Bengaluru airport.