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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.
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Go First recibe una oferta conjunta de 16.000 millones de INR (193,1 millones de dólares) de Ajay Singh de SpiceJet y Busy Bee Airways para el proceso de quiebra, con el objetivo de reiniciar las operaciones.