Buffeted by headwinds, Go First takes the IPO route to reduce turbulence
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.
