Mumbai: GoAir could be the next domestic airline to sell stake to an overseas investor under the relaxed aviation norms, research and advisory firm Centre for Asia Pacific Aviation (CAPA) has suggested.
“We expect that one or two deals are likely in the coming months with GoAir and SpiceJet being the two primary incumbent candidates. GoAir may be the first to secure an investor, and its prospects will be enhanced if the 5/20 rule is lifted,” CAPA said in a recently released report.
Currently, the Nusli Wadia group company is the only incumbent carrier which does not fly overseas, largely because of the 5/20 rule which debars domestic airlines from flying abroad unless they complete five years of domestic flying and have a minimum fleet of 20 aircraft.
07/10/13 Business Line
To Read the News in full at Source, Click the Headline
“We expect that one or two deals are likely in the coming months with GoAir and SpiceJet being the two primary incumbent candidates. GoAir may be the first to secure an investor, and its prospects will be enhanced if the 5/20 rule is lifted,” CAPA said in a recently released report.
Currently, the Nusli Wadia group company is the only incumbent carrier which does not fly overseas, largely because of the 5/20 rule which debars domestic airlines from flying abroad unless they complete five years of domestic flying and have a minimum fleet of 20 aircraft.
07/10/13 Business Line
