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Sun TV's Kalanithi Maran in talks to acquire GoAir: report - Printable Version

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Sun TV's Kalanithi Maran in talks to acquire GoAir: report - Mr.Bhat - 10-06-2010

Kalanithi Maran of Sun TV Network is in talks with the Wadias to acquire low cost carrier GoAir, according to a report.

The report stated that Go Air purchase will give Maran a 20% share in the market and a 60% share in the budget carrier market.

There are report that the airline currently has a fleet of 10 Airbus A320s, half of which will now be in Delhi and plans to expand its fleet to 20 by 2014.

Go Air has a debt size of around Rs. 8bn, adds report.