Home Economy Go Airlines files DRHP to raise ₹3,600 crore

Go Airlines files DRHP to raise ₹3,600 crore

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GoAir has positioned agency orders for supply of 144 Airbus A320neo plane as a part of the expansion plan

Go Airlines (India) Ltd. (GoAir) has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to lift as much as ₹3,600 crore by way of contemporary concern of shares.

The web proceeds from the IPO can be used for prepayment or scheduled reimbursement of sure excellent borrowings; substitute of letters of credit score issued to plane lessors in direction of securing lease rental funds and future upkeep of plane, with money deposit; reimbursement of dues to Indian Oil Corporation Ltd., for gasoline provided to the corporate and for common company functions.

GoAir has positioned agency orders for supply of 144 Airbus A320neo plane as a part of the expansion plan. Of these, the airline has already taken supply of 46 Airbus A320neo plane and is awaiting supply of 98 Airbus A320neo plane.



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