Tag Archives: Go Air

Around 13 companies, including GoAir sitting with SEBI approvals for IPOs

Around 13 companies are sitting with approvals from (SEBI) for their Initial Public Offering (IPOs), which could result in over Rs 13,000 worth of public issues into the primary market. These companies include Go Air, Pradeep Phosphates, and Fincare Small Finance Bank, which could soon come with the public issues, revealed Axis Capital. Within this financial year, around 24 companies have successfully made their stock exchange debuts.

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Go Air to shift operations to T2 in Delhi, opening on Oct 29

Delhi International Airport Ltd (DIAL) will start the operations at the revamped Terminal-2 of Indira Gandhi International Airport on October 29, 2017 and GoAir will be the first airline to shift its entire operations to Terminal 2 with effect from 00:01 hours of 29th October 2017. The move has come as a mutual decision between DIAL and Go Air to shift operations from Terminal 1 to Terminal 2 until the completion of the expansion of T1. However, it’s a temporary move to ease the pressure of fast growing traffic at Terminal 1, so that the expansion works can be carried out at Terminal 1 effectively and efficiently. The Terminal 1 is set to be expanded from the current capacity of 20 million to 40 million per annum with 22 aerobridges, and state of the art infrastructure. The expansion process will encompass all major areas of the airport i.e. Landside, Terminal and Airside and will be completed within four years. I Prabhakara Rao, CEO-DIAL said, “In view of the robust growth in passenger traffic and upcoming airport expansion works, DIAL has revamped and is recommissioning the Terminal 2 of the IGI Airport with effect from 29th October, 2017. We welcome GoAir in its new home terminal in Terminal 2. This will enable us to start the expansion works at Terminal 1 and carry it on seamlessly.” Jeh Wadia, MD, GoAir, said: “ in order to support the government and DIAL’s plans to upgrade and expand the airport facilities as well as continuously improve the customer experience and the seamless integration of international and domestic passengers, we are delighted to move into a newly furbished Terminal 2 at IGI Airport. The move …

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