Go Airlines puts IPO plan on hold amid raging third wave
Mumbai: Nusli Wadia Group has temporarily put on hold a ₹3,600-crore initial public offering (IPO) plan of its budget airline Go Airlines considering the third wave of Covid-19 and its impact on travel business, officials close to the group said.
The company is evaluating the pandemic situation led by the Omicron variant and is in discussions with its bankers about the IPO, they said.
“Bankers have been told to wait,” an official close to the developments said.
Top investors are watching the impact of Omicron spread on the health and travel plans of consumers before committing investments in the aviation sector, sources said.
