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GO AIRLINES (INDIA) LTD

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

About Company

The company is an ultra-low-cost carrier (""ULCC"") and one of the fastest growing airlines in India, increasing domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020. (Source: CAPA Report as per Company DRHP).

Target customers are young Indians and MSME businesses, and the company believes the product and service offerings are uniquely attractive to these large and growing segments of the Indian population.

Strengths & Risks

Strengths (3)

Simple, fuel-efficient and next generation fleet

Offer a single class of service, which allows their A320 aircraft to have the maximum seating capacity and have the highest percentage of next generation aircraft in the fleet compared to other Indian airlines. (Source: CAPA Report as per Company DRHP).

Risks (2)

The novel coronavirus (""COVID-19"") pandemic has had an adverse impact on business

The duration and spread of the pandemic or another pandemic could result in additional adverse impact on the company's business.

  • Simple, fuel-efficient and next generation fleet

    Offer a single class of service, which allows their A320 aircraft to have the maximum seating capacity and have the highest percentage of next generation aircraft in the fleet compared to other Indian airlines. (Source: CAPA Report as per Company DRHP).

  • Established position in slot-constrained airports, with best in class efficiency

    In fiscal 2020, the company had established market share of 14% in Mumbai, 12% in New Delhi, 14% in Pune, 25% in Ahmedabad, which are among the 10 airports in India (Source: CAPA Report as per Company RHP).

  • Selling experiences for the young Indian leisure and MSME traveller

    Marketing efforts for leisure travellers are focused on the under-45 age group, which is the largest component of the Indian population. (Source: CAPA Report as per Company RHP).

  • The novel coronavirus (""COVID-19"") pandemic has had an adverse impact on business

    The duration and spread of the pandemic or another pandemic could result in additional adverse impact on the company's business.

  • Have been and continue to be in payment default under several of their aircraft lease agreements

    Such defaults may lead lessors to initiate legal or enforcement proceedings, enforce bank guarantees, appropriate security deposits or repossess aircrafts.

Financials

Net Worth
Total Income
Total borrowings
Profit/Loss for the Period
Basic Earning per Share (EPS)

Industry Overview

Overview of the Indian aviation market

Despite the slowdown in aviation during 2020 due to COVID, India continued to be ranked third in the world, based on total seat capacity, as at the end of December 2020, reflecting the positive recovery in domestic aviation activity relative to most other global markets. (Source: Company DRHP).

LCCs (Low Cost Carriers) have driven the growth of Indian aviation

India currently has six airline groups, comprising two full service carriers (Air India and Vistara) and four LCCs (IndiGo, SpiceJet, GoAir and AirAsia India). In addition, Air India has an LCC subsidiary, Air India Express, which operates primarily on short haul international routes. (Source: Company DRHP).

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

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*The financials mentioned above are sourced from DRHP/ RHP documents.

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