When the pandemic hit the global aviation industry, several airlines were bailed out by their governments. In India, with no bailout in sight, some budget airlines have been flying on a wing a prayer. And just when it seemed like they’ll somehow get by, the second covid wave has threatened the survival of mid-sized airlines all over again.
Go Airlines (India) Ltd, which runs the low-cost airline Go First, has come up with a bold solution to escape this predicament. The company plans to make an initial public offering (IPO) of its shares worth ₹3,600 crore.
