India’s Go First plans IPO in July as air travel rebounds

19/5/2022 8:28:00 PM

Aviation: India’s Go First plans IPO in July as air travel rebounds - Bloomberg

Aviation: India’s Go First plans IPO in July as air travel rebounds - Bloomberg

(May 19): Go First, India’s No. 2 airline, is planning to raise 36 billion rupees (US$464 million) through an initial public offering in July, as air travel recovers from the pandemic, according to a person familiar with the matter.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

(May 19): Go First, India’s No. 2 airline, is planning to raise 36 billion rupees (US$464 million) through an initial public offering in July, as air travel recovers from the pandemic, according to a person familiar with the matter.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.

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