Team Blitz India
NEW DELHI: SpiceJet has expressed interest with the Resolution Professional (RP) of Go First and confirmed that it wishes to submit an offer post diligence, the company said on December 19.
In an exchange filing, the airline said that the acquisition proposal is with a view to create Go First as “a strong and viable airline in a possible combination with SpiceJet.”
ET had reported on December 18 that SpiceJet along with two other companies, Sharjah-based aviation company Sky One, Africa-focused Safrik Investments, had expressed interest in acquiring bankrupt carrier Go First, in an unexpected development weeks after the deadline for making proposals passed and as lenders were considering its liquidation,
“The Board of the company has recently approved and initiated process of raising fresh capital of about US$ 270 million to strengthen its financial position and provide resources to invest in growth plans,” SpiceJet further said.
