GoAir plans IPO in FY16

The airline is likely to file the preliminary papers for the share sale soon, says report.

Oct 19, 2015 06:10 IST India Infoline News Service

GoAir
Wadia Group-promoted budget carrier GoAir is planning to go for an initial public offer in the current fiscal, according to reports.
The airline is likely to file the preliminary papers for the share sale soon, says report.
The airline would be second domestic carrier to come out with an IPO after rival IndiGo.
The likely size of the planned IPO has not been ascertained yet.

The existing rules require domestic carriers to be in operation for at least five years and have a fleet of a minimum of 20 aircraft to be eligible to fly on international routes.

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