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According to the reports, this airline has strong inclination towards going international in the near future. However, according to the current civil aviation rules, carriers having less than 20 aircraft or operating for less than five years are not permitted to initiate international services. In the current scenario, if this loan is sanctioned, it would surely help Go Air overcome the minimum aircraft barrier. Also, the bankers have confirmed that if they are satisfied with the proposal of this LCC, they would definitely sanction the loan.

The domestic flights were first put on hold to contain the virus outbreak and it wrecked havoc on livelihood of all those connected to the industry. After getting nod from the government to resume the services of flights, the domestic flight system has never been the same. 

Aviation industry has undergone significant progressive changes in the past few years. Air travel has become more feasible and an easier means of travel, especially for covering long distances. Demands for low fare flights, both - regional and international have also increased considerably. The huge influx of mass travellers has led to the advent of low-cost carriers or no-frills airlines. With these developments, a new trend, which is known as unbundling of air tickets, has evolved in Indian aviation.

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Indigo, the leading low-cost carrier in India, has been able to retain the first rank among its peers in the financial year 2013. It is the only airline in the domestic aviation sector to post a net positive income in the current fiscal year. This was evident from its gross income of 100 million dollars in 2013, which is much ahead of its 2012 mark of 23 million dollars.

Air Costa, which launched its services is October 2013, is a Vijaywada-based carrier that has plans to connect the tier II and tier III cities. Since its inception, it has been able to operate to cities, such as Jaipur, Coimbatore, Ahmedabad, Madurai, Hyderabad and Chennai.

The largest airline of India - IndiGo - has been quite open about its expansion plans. The resultant of an initiation by two enthusiastic entrepreneurs, Rahul Bhatia and Rakesh S Gangwal, it is growing at a faster rate than ever.

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Even when the going has become tough for domestic flights in the Indian aviation industry, leading low-cost carrier (LCC) in the country - Indigo had a profitable year in the last fiscal. Indeed, it has shown the way as to how to make a profitable run in spite of providing cheap air fare and timely services.

Go Air, which started its services in 2005, is an Indian low-cost carrier (LCC) that was launched with the objective of offering airline tickets at marginal fares. A Mumbai-based carrier, it is part of the Wadia Group with its hubs at the Indira Gandhi International Airport, New Delhi and Chhatrapati Shivaji International Airport, Mumbai.

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