To assist Go First Airlines in overcoming its financial difficulties, SpiceJet’s Chairman and Managing Director Ajay Singh, along with Busy Bee Airways, largely owned by EaseMyTrip CEO Nishant Pitti, have revealed a rescue plan involving a total investment of Rs 1,600 crore into the struggling airline. As per sources reported by CNBC-TV18, the consortium has […]
Today, bids for the bankrupt airline Go First will be unveiled as lenders seek potential buyers. The creditors of Go First, alongside the committee overseeing the bankruptcy proceedings, are set to convene today to assess the bids. Sources informed CNBC-TV18 that the lenders and the Insolvency Resolution Professional (IRP) will reveal the bids during this […]
The National Company Law Tribunal (NCLT) extended the Corporate Insolvency Resolution Process (CIRP) of Go First, the grounded airline, by 60 days on February 13. This extension came after three parties expressed interest in acquiring the carrier. The Resolution Professional (RP) informed the NCLT that three entities had shown interest in taking over Go First. […]