Wadia Group In Talks To Sell Stake Or Exit Airline Go First: Report

Monday, 17 April 2023Newsdesk

Go First lost market share in February even amid a domestic air traffic boom, according to latest available official data.

New Delhi 17 April 2023

As per news report of NDTV,Conglomerate Wadia Group is in talks with strategic partners to either sell a majority stake in loss-making budget airline Go First or completely exit it, the Economics Times reported today, citing sources close to the development.Go First posted its biggest annual loss in fiscal 2022 and has been facing operational problems in the last few months as half of its aircraft were grounded due to supply chain disruptions related to Pratt & Whitney (P&W) jet engines, the report said.

Source - NDTV