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regular-article-logo Wednesday, 17 July 2024

SpiceJet expresses interest in acquiring bankrupt Go First

Apart from SpiceJet, SkyOne a Sharjah-based aviation firm, has also expressed interest in a communication sent to the resolution professional of Go First, Shailendra Ajmera

Our Special Correspondent Mumbai Published 20.12.23, 11:32 AM
Representational image

Representational image File image

No-frills carrier SpiceJet has expressed interest in the acquisition of Go First which has been grounded since May 3 this year.

“SpiceJet Ltd has expressed interest with the Resolution Professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination with SpiceJet’’, the company said in a regulatory filing to the stock exchanges.

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Its announcement was received positively by investors with the SpiceJet scrip gaining 2.91 per cent to close at Rs 66.08 in the BSE. Apart from SpiceJet, SkyOne a Sharjah-based aviation firm, has also expressed interest in a communication sent to the resolution professional of Go First, Shailendra Ajmera.

The lenders to Go First will be meeting over the next few days to take a call on the fresh interest seen. It comes at a time Go First was staring at liquidation as the last date for submission of bids for acquiring the airline was November 22.

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