‘Rupee can lower GoAir’s valuation’

New Delhi: GoAir, which is looking to sell a stake to a foreign airline, is in the process of assessing the impact of the rupee’s depreciation on its valuation. Speaking to newspersons on the sidelines of an aviation event organised by industry body Assocham, the airline’s Chief Executive Officer Giorgio De Roni said GoAir did not have any deadline for the stake sale. “We also have to consider the changes in the environment with the devaluation and depreciation of the rupee (and whether this) might have an impact,” De Roni said.
Read news in full 31/08/13 Business Line