Go First inducts 49th Airbus A320Neo Aircraft to its fleet

GO FIRST has inducted two Airbus A320neo aircraft to its fleet in the 1st week of May 2021. GO FIRST has placed firm orders for delivery of 144 Airbus A320neo aircraft as part of its growth plan. Of these, the airline has already taken delivery of 48 Airbus A320neos and the 49th NEO arrived at New Delhi.

Mr Kaushik Khona, Chief Executive Officer, GO FIRST, said, "GO FIRST welcomes 49th A320neos to its fleet. We at GO FIRST, believe that the airline is uniquely placed with its ultra-low cost structure that has always stood us in good stead. GO FIRST has one of the youngest fleet globally - average fleet age of 3.7 years as of February 2021. Besides as of February 10, 2021, 82% of our fleet is predominantly fuel efficient A320neos - which are 17% to 20% more fuel-efficient than A320CEO aircraft with the lightest configuration*."

As an ULCC, GO FIRST is focused towards maintaining low unit costs & operational efficiency and reliability to deliver a superior customer experience in comparison to other ULCCs and Low Cost Carriers (LCCs).

GO FIRST had a high aircraft utilization during the fiscal 2020, with an average utilization of 12.9 hours per day with a high load factor of 88.9%*. GO FIRST achieved the best on-time performance among the airlines in India for 15 consecutive months between the period September 2018 to November 2019. GO FIRST also had the least number of cancellations at 0.3% during the fiscal 2021 (as of January 31, 2021). It also had the lowest number of customer complaints at 0.3 per 10,000 customers (as against the industry average of 1.0 per 10,000 customers) during the fiscal 2021 (for the period up to January 31, 2021)*.

*Source: CAPA Report (Indian Aviation Market Overview, dated April 26, 2021)

Source : Equity Bulls

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