GoAir revives IPO plan as aviation stocks soar

Go Airlines (India), which operates the low-fare airline GoAir, is readying itself for an IPO as investors have turned bullish on airline stocks, its top executive said. “The IPO window is not off at all, we are just looking at the right timing,” Wolfgang Prock-Schauer, CE of the airline said. “Warren Buffett has gone on to aviation which again sends a positive signal. Investors are coming in.” In 2015, Go Airlines had indicated it was keen to look at an IPO once its fuel-efficient Airbus A320neo planes start joining its fleet. These planes have now started joining the airline’s fleet even as it has doubled the number of planes on order from 72 to 144 this year. GoAir, which has an 8% domestic market share, will embark on its biggest expansion in the coming fiscal year, adding 1 aircraft a month to increase its size to 37 planes by March 2018. <br/>