Go Airlines might face turbulence from possible floating-rate plane leases

NEW DELHI: 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 Rs 3,600 crore and will be the first domestic scheduled carrier to get listed on domestic bourses in nearly six years.