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Article: Three investors line up for equity stake in GoAir.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 12, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...