GoAir, the budget airline of the Wadia Group, has gone into high altitude by placing an order for 72 Airbus aircraft worth about Rs 32,400 crore ($ 7.2 billion). "We are evaluating various fund-raising options. It will be a combination of debt and equity,” Jeh Wadia, the airline’s managing director, told a press meet on June 16, 2011. "Let me tell you, these 72 planes are confirmed orders, not options,” he said. The plan is to tap business in tier II and tier III cities, he added.
Managing director Jeh Wadia: expanding the GoAir fleet
GoAir will start inducting 15 planes......