Go First now open for partnerships; Wadias not exiting aviation biz
Wadia Group-owned Go First is open for partnerships but its promoters are not looking to exit from the loss-making aviation business, according to an airline source.
The no-frills airline, beset with engine woes, is estimated to have incurred a loss of Rs 1,800 crore in 2022-23, and expects around Rs 600 crore fund infusion in the coming weeks, according to the source closely involved in the management of the carrier.
The airline, which was cornering an 8-10 per cent market share for many months, saw it slipping to 6.9 per cent in March as a good chunk of its aircraft fleet remains grounded.
We can obviously evaluate a good partnership but it does not mean that we are out to sell ... Indian aviation is getting a lot of traction, and there are some reports that some airlines, some entrepreneurs are looking at (investing in the airline segment), that is why we are happy to look at ( any investment proposal, the source told PTI.
"But if somebody asks us whether we are open for ...