The IPO-bound Go Airlines is set to induct 22 new planes in less than two years but expects that a possible shift to floating-rate aircraft leases might have an adverse impact due to higher interest rates. The low-cost airline has filed draft papers for an initial share sale worth ₹3,600 crore and will be the first domestic scheduled carrier to get listed on domestic bourses in nearly six years.
Apart from the prospects of moving to floating-rate leases for new planes, issues related to brand ‘GoAir’ and certain related trademarks, and indebtedness, are among the risk factors mentioned in its Draft Red Herring Prospectus (DRHP).
