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GoAir

GoAir was founded in 2005 by Jehangir Wadia, son of Indian industrialist Nusli Wadia. The airline is a wholly owned subsidiary of the Wadia Group.GoAir commenced its operations using an Airbus A320 aircraft and operated its inaugural flight from Mumbai to Ahmedabad on 4 November 2005.The airline initially operated with a single aircraft to four destinations including Goa and Coimbatore with plans to induct 36 aircraft by 2008.In March 2008, the airline announced revised plans to operate 11 aircraft and service new destinations in North East and South India by the end of the year.But increasing fuel prices forced GoAir to cut down the existing number of flights in June 2008.

In January 2009, British Airways was interested in buying a stake in the airline.In November 2009, GoAir entered into talks with Indian airline SpiceJet over a possible merger which ended in a no deal.In April 2012, GoAir became the fifth largest airline in India in terms of market share following the demise of Kingfisher Airlines.In 2013, the airline appointed investment bank JP Morgan to scout for potential investors.

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