| The Wadia group-promoted low-cost airline GoAir is all set to sign a Rs 2,225 crore deal with global jet engine manufacturer CFM International for acquiring 40 engines.
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| The airline is negotiating for two different types of jet engines for its Airbus A320 fleet. CFM International is a joint venture between Snecma of France and General Electric Company of the US.
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| GoAir Managing Director Jeh Wadia confirmed the negotiations were at an advanced stage. However, he also added that nothing has been finalised.
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| GoAir has recently signed a purchase agreement for 10 Airbus A320 family aircraft with an option for 10 more at Farnborough Air Show in London.
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| Meanwhile, GoAir has also firmed up plans to set up a maintenance, repair and overhaul (MRO) facility for aircraft engines, joining hands with an international partner.
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| “This will be a joint venture with an international partner. The concept is in preliminary stage, it will be premature to comment on this,” Wadia said.
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| The Wadia Group has recently signed an agreement with the engineering arm of Singapore Airlines, SIA Engineering Company, for MRO services for both narrow and wide body aircraft in India.
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| Launched in November 2005, GoAir operates a fleet of three Airbus A320s with 24 flights covering 13 cities including Jammu & Srinagar. The airline operates with a single class, 180-seat configuration and is planning to expand its fleet to 33 aircraft in three years. |
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