Go First airline with a fleet size of 57 aircraft is a major player in the Indian aviation sector. While its latest available financial results talk about stressed financials, industry sources said that the airline is likely to raise money through an initial public offering (IPO) with air travel now recovering from the pandemic blues.
Incidentally, Go First reported a few incidents of engineering malfunctioning in recent times.
The aviation regulator recently ordered grounding of its planes after two of its aircraft witnessed technical glitches leading to their diversion on July 19.
With a fleet size of 57 aircraft, Go First recorded 78.7 per cent occupancy in June. The airline reported a market share of 9.5 per cent during the same month.
