GoAir seeks $200m equity investment

GoAir is in the market to raise $200 million (Rs 1,100crore) in equity to reduce its debt. The airline is willing to offer some of its real estate assets as collateral to raise $200 million from private equity groups. GoAir Managing Director Jeh Wadia has declared that the airline is not looking for an equity infusion as the airline is well capitalized but it will need to fund its order for 72 A320neos from 2016.