GoAir eyes FDI
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GoAir is looking at Foreign Direct Investment (FDI) of 49% in the carrier.
The low-cost carrier has appointed investment bank JP Morgan to look for a strategic partner to buy up to 49% stake in airline.
“GoAir is in talks with three to four overseas airlines from Europe and the Middle East to sell up to 49% stake,” an investment banker with direct knowledge of the development was quoted by The Economic Times.
Sources said the company is in talks with German carrier Lufthansa and Dubai-based Emirates and Qatar Airways among others.