Friday, October 27, 2006

Go Air flexing its wings

Go Air is now flexing its wings. It is looking at various proposals for a stake sale and hopes to get on board a financial and strategic investor in the next few months, reports CNBC-TV18.
"Primarily, the Wadia family is a financial investor so everything is for sale at a price. As I have said, there are various debt and equity proposal and we don't have a conclusion at the moment," said Jeh Wadia, MD, Go Air.
Go Air has clocked revenues of Rs 250 crore in its 11 months of operations. It hopes to break even and post a net profit by November 2007.
26/10/06 Moneycontrol.com