Bids invited by resolution professional for sale of Go First

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Bids invited by resolution professional for sale of Go First


FILE PHOTO: FILE PHOTO: A Go First airline, previously often called GoAir, passenger plane is parked on the Chhatrapati Shivaji International Airport in Mumbai, India, May 3, 2023. REUTERS/Francis Mascarenhas/File Photo/File Photo
| Photo Credit: FRANCIS MASCARENHAS

Go First’s Resolution Professional has invited an expression of curiosity from buyers and consumers within the airline.

A newspaper commercial from the RP, Shailendra Ajmera, appointed by Go First’s Committee of Creditors stated gamers should submit their expression of curiosity by August 9.

The commercial stated that the airline has 4,200 workers and the full income from operations of Go First within the monetary yr 2021- 2022 was ₹4,183 crores.

A provisional checklist of potential resolution candidates shall be launched on August 19 and the final date of submission to that checklist shall be August 24. Go First suspended flight operations in May and is present process a voluntary insolvency resolution course of.



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