GO FIRST FLIES HIGH WITH INCREASED MARKET SHARE AND HEALTHY LOAD FACTOR
GO FIRST FLIES HIGH WITH INCREASED MARKET SHARE AND HEALTHY LOAD FACTOR
~ Marks a stellar growth in market share to 8.3%
Mumbai, July 20, 2021: GO FIRST (formerly known as GoAir) registered a high passenger load factor (PLF) at 70.9% in June 2021, increasing its market share to 8.3% as per the data released by Directorate General of Civil Aviation (DGCA).
GO FIRST had the least cancelled flights at 0.1% and minimum passenger complaints at 0.1%. This speaks volumes about the carrier’s operational efficiency and commitment to optimum customer service. It continued to score a steady 92.2% in On-Time Performance (OTP).
Mr Kaushik Khona, CEO, GO FIRST, said, “After a couple of extremely tough months for the sector, June brought back much-needed optimism. While the civil aviation industry has been grappling with the pandemic, GO FIRST has continued in its efforts to provide customers’ exemplary service.”
GO FIRST has simultaneously undertaken initiatives for the welfare and safety of its employees, which translates into customers’ safety. GO FIRST is one of the first airlines in India to start the vaccination process for its employees.
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, and 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 These materials are not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the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.
