Business News
Home > Business News
Go First likely to raise money via IPO to manage stressed financials
TIWN
TIWN
PHOTO : TIWN
New Delhi, Jul 24 (TIWN): 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.
Add your Comment
Comments (0)
More Business News
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals