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India's domestic air traffic dips by 17% in January

India’s domestic air passenger traffic fell to a six-month low in January as the Omicron variant impact travel behaviour ....

Alliance Air , Air India , Spicejet Ltd , Tata Group , Wadia Group Controlled Go First , Airasia India ,

Go First Airline Files For IPO To Raise Rs 3600 Crore To Counter Pandemic-Induced Losses: Report

Go Air (Wikimeda Commons)
The Wadia Group-controlled Go First, previously known as Go Air, has filed for an initial public offering (IPO) to raise Rs 3,600 crore.
The airline has revealed in its draft red herring prospectus (DRHP) document that it also plans to attain Rs 1,500 crore via a preferential placement of shares ahead of the IPO.
Morgan Stanley, Citi and ICICI Securities will be managing the sale of shares, the net proceeds of which will be primarily put into use to repay debt. Go First is looking at the IPO to counter the setback that the civil aviation industry has had to deal with ever since the Covid-19 pandemic broke out. ....

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