Mumbai: Low fare carrier Go Airlines has filed its draft red herring prospectus, ahead of its planned IPO. The IPO is managed by ICICI Securities, Citigroup and Morgan Stanley. According to the DRHP, the airline wants to raise Rs 3,600 crore via a fresh issue of shares. ET had reported last Saturday that the DRHP … Read more
Mumbai: IndiGo Monday announced its board has approved the raising funds up to Rs 3,000 crore via a qualified institutional placement of shares. The airline last Tuesday said it would consider such a proposal. IndiGo’s decision comes as the aviation industry continues to be a hit by a catastrophic second wave of Covid19 infections. The … Read more
“The demand for extra space is growing. Of the total number of people booking extra space, about 55 per cent are opting for more than one seats,” said an airline executive. Synopsis About 25% fliers across segments have bought extra space since July to ensure onboard social distancing. There have been cases where families of … Read more