GOAIR SEEKS $100 MILLION TO FINANCE NEW AIRCRAT

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By TESTCustomwebLP TESTCustomwebLP November 10, 2010 21:37

GOAIR SEEKS $100 MILLION TO FINANCE NEW AIRCRAT

Indian low cost carrier GoAir is in the process of raising $100 million to fund its aircraft acquisition programme. The airline is in talks with financial institutions and a deal is expected to be agreed soon.

GoAir will take 10 A320 aircraft over the next three years.

“We are negotiating with some banks and financial institutions to raise around $100 million (around Rs 400-500 crore), both in India and abroad,” local media reports quoted an airline source as saying.

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By TESTCustomwebLP TESTCustomwebLP November 10, 2010 21:37
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