June 18, 2007

GoAir not in talks with Paramount: Wadia

Jeh Wadia-controlled low-cost carrier GoAir today said it was not in talks for stake sale with Paramount Airways.

"Information surrounding any kind of meeting between GoAir and Paramount regarding enterprise valuation is baseless and holds no ground," Wadia, managing director of GoAir, said responding to reports on Paramount Airways' picking up stake in the budget airline.

Wadia said his airline, which currently operates 396 weekly flights to 11 airports across the country, would implement its expansion plans during the medium to long term.

The full of this article's can be read on the source at: Business Standard India

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