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Go First plans IPO in July as air travel rebounds

Go First’s share sale comes as air travel is rebounding in the South Asian nation driven by pent-up demand as people emerge from one of the world’s worst coronavirus outbreaks.

Published By Economic Times

Go First plans IPO of up to Rs 3,600 cr by July after deferring for months

The airline plans to garner up to Rs 3,600 crore through sale of shares, according to the Draft Red Herring Prospectus (DRHP) plans to utilise a primary portion towards prepayment or scheduled repayment of all or a portion of certain outstanding borrowings, vendors, and aircraft lessors.

Published By Business Standard

Go First plans IPO in July as global air travel slowly rebounds

Domestic carrier Go First is planning to raise ₹36 billion through an initial public offering in July as air travel recovers from the ongoing Covid-19 pandemic, according to a Bloomberg report.

Published By LiveMint

India’s Go First Plans IPO in July as Air Travel Rebounds

Go First’s share sale comes as air travel is rebounding in the South Asian nation driven by pent-up demand as people emerge from one of the world’s worst coronavirus outbreaks. India, the world’s fastest-growing major aviation market before the pandemic, expects local traffic to exceed pre-pandemic levels of 415,000 daily fliers within a year. Indian airlines are also adding capacity to capture a revival as international flights resume.

Published By Bloomberg

Go Airlines puts IPO plan on hold as COVID-19 cases swell again: Report

Go Airlines, which operates the Go First brand, had initially planned to launch the share sale on December 8, Business Standard had reported. Market regulator SEBI had approved the IPO in August after it filed the papers in May last year. Apart from raising Rs 3,600 crore from the IPO, Go Airlines plans to raise an additional Rs 1,500 crore through a pre-IPO placement. The airlines had planned to use the proceeds to retire debt and pay oil companies and lessors.

Published By CNBCTV18