GoAir IPO

GoAir ipoGoAir is intending to increase Rs 4-5 billion through an IPO to settle debt and purchase more aircraft, the Economic Times noted on Thursday.

The Mumbai based airline owned or operated through the Wadia group is in discussions with investment banks like Enam Financials to handle the offer as well as JM Financial is informing the airline, the paper quoted 2 sources near to the development as saying, The airline has ten Airbus aircraft as well as intends to increase its fleet to twenty aircraft by 2014.

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