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GoAir rebranded as Go First ahead of IPO debut; promises attractive fares, luxury for passengers

GoAir rebranded as Go First ahead of IPO debut; promises attractive fares, luxury for passengers The Wadia Group-backed airline is also preparing to go for an initial public offering (IPO) to raise funds for its expansion plans BusinessToday.In | May 14, 2021 | Updated 10:58 IST Go First is positioned to get ahead of its peer group by operating with the ULCC model (Image: Go Air Twitter) Wadia Group-backed GoAir has been rebranded as Go First as the airline is betting big on its ultra-low-cost business model to tide over the impact of the COVID-19 pandemic. The airline is also preparing to go for an initial public offering (IPO) to raise funds for its expansion plans.

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GoAir IPO 2021 News; Goair In India Will Now Raise Funds By Selling Shares In Primary Market | स्थिति सुधारने के लिए गोएयर IPO से 3,600 करोड़ जुटाएगी, कोरोना और लॉकडाउन से एविएशन सेक्टर पर बुरा असर

GoAir IPO 2021 News; Goair In India Will Now Raise Funds By Selling Shares In Primary Market | स्थिति सुधारने के लिए गोएयर IPO से 3,600 करोड़ जुटाएगी, कोरोना और लॉकडाउन से एविएशन सेक्टर पर बुरा असर
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Wadia Group-owned GoAir rebrands as Go First after 15 years of flying

After being in the skies for 15 years, Wadia Group-owned GoAir has rebranded itself as Go First as the airline focuses on ultra-low-cost business model amid the aviation industry grappling with pandemic headwinds. The announcement on Thursday also comes amid reports that the airline was preparing for an initial share sale to raise funds for its ambitious expansion plans. The Go First as ULCC (ultra-low-cost carrier) would operate single aircraft type across its fleet, which currently has both Airbus A320 and A320Neos (new engine option) planes in operation, it said in a said. With a 7.8 market share per cent in March, the city-based airline breached the 10 per cent market share threshold for the first time in June 2014 and barring a few occasions it kept hovering in the sub-10 per cent range till the emergence of the pandemic last year.

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