New Delhi: Budget carrier GoAir is planning to go for an initial public offer in the current fiscal year, ahead of the scheduled delivery of 72 new Airbus A-320 aircraft starting April next year.
Wadia Group-promoted GoAir would be the second domestic carrier to come out with an IPO after rival IndiGo, which is all set for little over Rs 3,200-crore initial share sale on October 27 amid the season of companies queueing up to tap the capital market. (Also read: IPO-bound profitable IndiGo has negative net worth)
As of now, only two private domestic carriers - Jet Airways 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.
18/10/15 PTI/NDTV
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Wadia Group-promoted GoAir would be the second domestic carrier to come out with an IPO after rival IndiGo, which is all set for little over Rs 3,200-crore initial share sale on October 27 amid the season of companies queueing up to tap the capital market. (Also read: IPO-bound profitable IndiGo has negative net worth)
As of now, only two private domestic carriers - Jet Airways 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.
18/10/15 PTI/NDTV
