The Wadia group is all set to enter the budget airline business and have applied for a license for the airline most likely to be branded 'Go'.
The group is in the process of identifying aircraft suitable for its operations and has applied for a licence from the Director General of Civil Aviation (DGCA).
The group is eyeing mid-sized commuter aircraft (with a capacity of below 100 passengers), like the Canadian Regional Jet (CRJ), and the airline will start operations with about six such aircraft, sources in the know say.
This follows Vijay Mallya's announcement of the formation of Kingfisher Airlines. The full story can be read here.
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