Budget carrier GoAir is likely to get a foreign partner soon. CNBC-TV18 learns from sources that Qatar Airways is eyeing a minority stake in Wadia Group promoted GoAir.
Qatar’s national carrier has valued GoAir at USD 550 million and if the deal goes through, promoters of the Mumbai-based no frills carrier will continue to hold majority stake. However, Qatar Air will have right to hike stake if the deal concludes, sources further add.
Read News In full 22/08/13 moneycontrol.com
Sunday, 25 August 2013
Qatar Airways eyes minority stake in GoAir: Sources
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