Synopsis
As GoAir warms up for its IPO, the market is abuzz with quite a lot of considerations together with the struggling airline’s valuation and the fixed churn in its prime administration. Can GoAir reinvent itself and emerge out of turbulence? Conversations with greater than a dozen sources, together with GoAir’s present and former staff, provide fascinating insights.
The New 12 months holidays had simply ended, however the winter chill was nonetheless within the air when SpiceJet’s former promoter Bhulo Kansagra dialed Morgan Stanley. It was January 2004. The Sensex had closed the earlier calendar a tad beneath the 6,000 stage, wrapping up an in any other case forgettable yr with a whopping 73% return. A multi-year bull market had simply taken off and there was optimism throughout. Kansagara wished the US-based funding financial institution to
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