Friday, March 19, 2021

GoAir plans to add new routes ahead of IPO, looks to hire senior executives

Mumbai: GoAir is planning to add new routes as it prepares for an initial public offering (IPO). While the IPO size could not be ascertained, a media report on Thursday pegged it at around Rs 4,000 crore.

The airline currently operates 37 of its total fleet of 53 Airbus A320 aircraft. A senior executive said new routes were under evaluation but the airline was already selling tickets for flights to new destinations, such as Amritsar, Dehradun, and Surat, on online portals.

The route expansion comes ahead of a possible IPO. The airline is also strengthening its management and is looking to hire senior executives in finance, sales, and network management roles.

Industry sources said the airline was working on listing plans and had hired merchant bankers and law firms for the share sale. A final decision would be taken by the Wadia group, which owns the airline.

18/03/21 Aneesh Phadnis & Arindam Majumder/Business Standard

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