GoAir in talks with FIIs to raise $100 mn

Mumbai: Wadia group-promoted budget air-carrier GoAir is in the process of raising around USD 100 million to fund its aircraft acquisition programme, airline sources said.
The airline is currently in talks with financial institutions and a deal is expected to be arrived at over the next 2-3 months, they said.
GoAir, which currently has 10 Airbus A-320s in its fleet, plans to take delivery of another 10 aircraft over the next three years.
"We are negotiating with some banks and financial institutions to raise around USD 100 million (around Rs 400-500 crore), both in India and abroad," the sources close to the development said.
09/11/10 Indian Express

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Categories: GoAir Nov 2010