Team Blitz India
NEW DELHI: Go First Airlines has received two financial bids as part of its bankruptcy process, two bankers who attended a meeting of the airline’s creditors said on February 24. Managing Director of Spicejet Ajay Singh, along with Busy Bee Airways, jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline. Another financial bid was submitted by Sharjah-based Sky One Airways, but its amount wasn’t disclosed.
The plan included additional funds for restarting the airline’s operations, as stated by a banker with a state-run bank that has exposure to Go First.
However, Nishant Pitti, the majority shareholder of Busy Bee Airways, mentioned that their bid remained confidential and was guarded by the Committee of Creditors until a successful bidder was announced.
“Our bid for launching the airline remains confidential, guarded by the Committee of Creditors (CoC) until a successful bidder is announced,” Nishant Pitti said.
