GoAir to sub lease older Airbus A320 planes to ensure fuel efficiency

Wadia group owned GoAir will sub lease most of its older Airbus A320 planes to ensure better fuel efficiency and improved profitability, the airline said in a statement today. It has a fleet of  47 planes including 17 Airbus A320Neo. The remainder include Airbus A320Ceo planes.

The airline has grounded 8 planes for last few weeks as it explores the sub lease option. While sources said the airline is slowing down capacity expansion as it faces a shortage of pilots,  GoAir said its planes were under scheduled maintenance and repair work. It  did not indicate number of such planes undergoing