Go Airlines Limited IPO
Go Airlines is an ultra-low-cost carrier (“ULCC”) focused on maintaining low unit costs and delivering compelling value to customers that drive their unit revenues. It is one of the fastest-growing airlines in India. Their target customers are young Indians and MSME businesses, and it believes their product and service offerings are uniquely attractive to these large and growing segments of the Indian population.
As a ULCC, it is focused on maintaining a low-cost base and high utilization of the modern and fuel-efficient fleet. As of February 10, 2021, the fleet inventory consisted of 56 aircraft, of which 46 aircraft were A320 NEO models and 10 were A320 CEO models.
It currently has an order book of 98 A320 NEO aircraft and expects to take delivery of eight additional A320 NEOs, in fiscal 2022, 14 in fiscal 2023 and 14 in fiscal 2024.
This expects growth in traffic due to focus on (i) leisure travellers within India; (ii) leisure travellers from India travelling overseas; (iii) MSME business travellers; (iv) route connectivity between Tier 2 and Tier 1 cities and Tier 2 and Tier 3 cities; and (v) frequency of flights between Tier 1 and Tier 2 cities.
Their passenger volume increased from 10.8 million passengers in fiscal 2018 to 16.2 million passengers in fiscal 2020. Its market share of domestic passenger volume increased from 8.8% in fiscal 2018 to 10.8% in fiscal 2020. Further, in the current fiscal year, they have added three new A320 NEOs to our network to support the expected growth in demand.
As of January 31, 2020, it covered a network of 28 domestic and nine international destinations. It has established strong positions in slot constrained airports such as New Delhi, Mumbai, Ahmedabad and Pune, with the second-best overall Slot Efficiency in India
(i) Simple, fuel-efficient and next-generation fleet
(ii) Strong focus on operational efficiency
(iii) Selling experiences for the young Indian leisure and MSME traveller
Objects of the Go Airlines Limited IPO:
Go Airlines Limited IPO Details:
|Issue Size:||3600 Cr.|
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