Sushant Ranjan

New Delhi, 14th May 2021: After 15 years, Wadia Group’s airline Go Air has decided to rebrand. The well-known airline of the country will be now known as ‘Go First’.

The aviation sector is facing many difficulties due to the Corona epidemic in the country. To overcome this, the company will now focus on the low-cost business model. Go Air is focusing on ULCC (ultra-low-cost carrier), which is why it has taken this decision to rebrand itself.

On May 13, the airline formally said in a statement that it was rebranding itself as Go First. The airline started operations in 2005 and its fleet has more than 50 aircraft, even as rival IndiGo which started a year later, is more than five times in size.

Go Air is preparing to raise funds from the primary market through a public issue. According to the report, Go Air will launch an IPO to raise Rs 2500 crore. Sources said that this IPO can be launched by September 2021, after which you will be able to subscribe to it.