Budget carrier GoAir is likely to get a foreign partner soon. CNBC-TV18 learns from sources that Qatar Airways is eyeing a minority stake in Wadia Group promoted GoAir.
Qatar’s national carrier has valued GoAir at USD 550 million and if the deal goes through, promoters of the Mumbai-based no frills carrier will continue to hold majority stake. However, Qatar Air will have right to hike stake if the deal concludes, sources further add.
22/08/13 moneycontrol.com
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Qatar’s national carrier has valued GoAir at USD 550 million and if the deal goes through, promoters of the Mumbai-based no frills carrier will continue to hold majority stake. However, Qatar Air will have right to hike stake if the deal concludes, sources further add.
22/08/13 moneycontrol.com
