Go First receives 16B INR ($193.1M) joint bid from SpiceJet's Ajay Singh and Busy Bee Airways for bankruptcy process, aiming to restart operations.

India's Go First has received two financial bids, totaling 16 billion rupees ($193.10 million), as part of its bankruptcy process, according to two bankers who attended a meeting of the airline's creditors. The joint bid comes from SpiceJet's managing director Ajay Singh and Busy Bee Airways. The plan includes additional fund infusion to restart the airline's operations.

February 23, 2024
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