GoAir, a 15-year-old airline of the Wadia Group, has decided to rebrand. The well-known airline of the country, the low cost airline Go Air, has now changed to ‘Go First’.
GoAir is now Go First!Whether it’s your safety, your time, or your comfort – at Go First you always come first! Experience the benefits of the next gen fleet, at ultra-low-cost fares, so your travel plans are never hampered. We hope to see you on board soon! pic.twitter.com/4aSfRNTfEk
— GoAir (@goairlinesindia) May 13, 2021
Let us know that GoAir is preparing to raise funds from the primary market through a public issue. According to the report, GoAir will launch an IPO to raise Rs 2500 crore. Sources said that this IPO can be launched by September 2021, after which you will be able to subscribe to it.Also Read: PM Kisan: Today Rs 9.5 Crore Farmers Will Get 2000 Rupees, Check This Name Instantly In This List For this IPO, the company was preparing to file a draft Red Herring Prospectus (DRHP) with the market regulator SEBI in the Second Week of April 2021. The airline is planning to file for an IPO again, according to the report, the funds raised through this IPO will be used by the company to repay its debt and meet the needs of working capital. Let us tell you that till March 2020, the company had a debt of Rs 1780 crore.