GoAir to launch IPO in August
Indian budget carrier GoAir – now rebranded as Go First – is expected to launch its initial public offering (IPO) in August. It is awaiting approval from the Securities and Exchange Board of India.
It expects to get clearance by the end of July. The IPO filing will be managed by Morgan Stanley and Citigroup. It would become India’s fourth airline to go public.
It plans to raise around $500 million in the public offering.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Gatwick braces for strike