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Published: Jan 15, 2022
Updated: Jan 15, 2022
Another fund-raise is in trouble. The Wadia-owned GoAir is unable to find takers as the investor response is very poor for airlines’ shares.
The Covid-related lockdowns have taken a toll on the airline sector and now with the emergence of the Omicron variant, the March quarter is going to be a complete wash-out.
The investor response is that there are already listed airlines like Indigo and SpiceJet, and if they wanted to increase their exposure to this sector, they would buy shares directly from an existing airline.
Wadia has now postponed his plans for the IPO and is waiting for a more opportune time. This is certainly going to be a long wait for the billionaire.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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