Go First Airlines' creditors plan to auction a 94-acre land parcel in Thane, with a reserve price of Rs 1,960 crore.

Go First Airlines' creditors plan to auction a 94-acre land parcel in Thane, held as collateral by the Wadia Group for loans. The reserve price is set at Rs 1,960 crore, with the potential to reach Rs 2,500 crore due to future development. The auction follows the Delhi High Court's decision to allow lessors to deregister and take possession of 54 Go First planes, making airline revival unlikely.

May 21, 2024
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