Team Blitz India
NEW DELHI: SpiceJet promoter Ajay Singh has submitted a bid – with Busy Bee Airways Pvt Ltd – to acquire the troubled Go First carrier, the airline said Friday. The bid, filed earlier today, ‘is a significant strategic move (with the) potential to reshape the landscape of the Indian aviation sector,’ SpiceJet said.
The bid has been submitted by Ajay Singh in his personal capacity, the airline said.
Under the terms of the offer, SpiceJet will be the operating partner for the new airline, and will provide staff, services, and industry expertise. The airline will hope to leverage established infrastructure and operational capabilities to achieve significant revenue expansion.
In his statement, Ajay Singh said , “Go First has immense potential and can be revitalised to work in close synergy with SpiceJet, benefitting both carriers”, and that “by strategically aligning flight schedules and destinations, SpiceJet and the new airline can capture a larger market share.”
