Wadia Group-promoted budget carrier GoAir is planning an initial public offer (IPO) this financial year, ahead of the scheduled delivery of 72 new Airbus A-320 planes starting April next year.
GoAir would be the second domestic carrier to come out with an IPO. Rival IndiGo, is set a Rs 3,200-crore initial share sale on October 27.
As of now, only two private domestic carriers, Jet Airways and SpiceJet, of the four are listed ones.
The airline is likely to file the preliminary papers for the share sale soon, sources added.
However, the likely size of the planned IPO could not be ascertained. When contacted, a GoAir official said, "We don't comment on market speculations".
GoAir and IndiGo are the only two profitable domestic carriers.
19/10/15 PTI/Business Standard
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GoAir would be the second domestic carrier to come out with an IPO. Rival IndiGo, is set a Rs 3,200-crore initial share sale on October 27.
As of now, only two private domestic carriers, Jet Airways and SpiceJet, of the four are listed ones.
The airline is likely to file the preliminary papers for the share sale soon, sources added.
However, the likely size of the planned IPO could not be ascertained. When contacted, a GoAir official said, "We don't comment on market speculations".
GoAir and IndiGo are the only two profitable domestic carriers.
19/10/15 PTI/Business Standard
