GoAir denies merger talks with SpiceJet
New Delhi: Denying reports that the company was in talks with budget carrier SpiceJet for a possible merger, low-cost operator GoAir on Wednesday said its expansion plan was on track despite bad market sentiments.
“We are not looking at any kind of consolidation or merger with SpiceJet or any other airline. It’s one of many rumours,” GoAir chief executive Edgardo Badiali told reporters here.
Earlier this month, there were media reports that both GoAir and SpiceJet were looking for consolidating operations or even a possible merger.
The Indian aviation sector has seen three major mergers since 2007 – Jet Airways-Air Sahara, Air Deccan-Kingfisher and Air India-Indian Airlines.
The airline, which currently operates a fleet of four A320 Airbus, last month bought two new aircraft as part of its expansion plans. It will add 18 more aircraft by 2012.