GoAir likely to go for IPO in the current fiscal
Advertisement
Advertisement
Wadia Group-promoted budget carrier GoAir is planning to go for an initial public offer in the current fiscal, ahead of the scheduled delivery of 72 new
GoAir would be the second domestic carrier to come out with an
As of now, only two private domestic carriers -- Jet AirwaysBSE 4.51 % and SpiceJet -- of the four are listed ones.
Sources said GoAir is firming up plans for the IPO in this financial year that ends on March 31, 2016. The airline is likely to file the preliminary papers for the share sale soon, they added.
Advertisement
When contacted by PTI, a GoAir official said, "We don't comment on market speculations".
GoAir and IndiGo are the only two profitable domestic carriers.
Sources said the share sale would also help GoAir in its proposed international operations, which is at present on hold as it does not have 20 aircraft in the fleet, one of the two requisites for domestic carriers for flying abroad.
The carrier currently has only 19 Airbus A320s in the fleet. It was scheduled to take the delivery of the 20th plane last year as part of its 20 aircraft order at the time of commencement of operations in November, 2005.
Advertisement
The airline, however, deferred the plan in view of the commencement of the delivery of new Airbus A320 neo (new engine option) from April, 2016.Image credit: Indiatimes
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- A millennial manager went viral after her Gen Z assistant picked up a work call while at the hair salon: 'Go off queen'
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?
- BenQ Zowie EC2-CW review – Premium wireless mouse for gamers
- Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings