Article: Three investors line up for equity stake in GoAir.

Three investors line up for equity stake in GoAir

New Delhi, Dec 12 (PTI) -- GoAir is believed to be mulling over bringing in a new equity partner from among three aspirants, including a leading Indian corporate and a global venture capitalist - a move that would help the Wadias- promoted airline to expand its fleet to 40 aircraft by 2012.

Ahead of advancing the negotiations, the budget carrier has been valued at up to Rs 1,600 crore (350-400 million dollars) by a leading international consultancy firm.

Asked about the new equity partner and the stage of negotiations, a company spokesperson declined to comment, saying: "As a policy, GoAir does ...

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