Diminishing hopes of any decision for grounded airline Go First which had filed for chapter safety in May 2023, one of many co-bidders Nishant Pitti, Founder & CEO, EaseMyTrip.com, has pulled out from the race.
“After careful consideration, I have decided to withdraw from the GoAir [First] bid in my personal capacity,” Mr. Pitti introduced on Saturday.
“This decision allows me to better focus on other strategic priorities and initiatives that align with our long-term vision and growth objectives,” he stated. “Our commitment to delivering exceptional value and service remains as we continue to navigate new opportunities and challenges,” Mr. Pitti added.
In February 2024, the decision skilled of Go First acquired two monetary bids for the erstwhile Wadia Group airline which had charged its identify from Go Air to Go First.
One of the monetary bids was from SpiceJet Chairman & MD Ajay Singh in his private capability, together with Mr. Pitti, who owns 52% in Busy Bee Airways, in his private capability.
Now, with Mr. Pitti withdrawing from bidding, Busy Bee Airways has additionally withdrawn from the the race in consequence, a spokesperson stated. It isn’t identified if Mr. Singh would proceed.
The second bidder is Sharjah-based Sky One. Go First decision underneath the Insolvency & Bankruptcy Code (IBC) had acquired a set again just lately when the Delhi High Court directed the Directorate General of Civil Aviation (DGCA) to deregister 54 plane belonging to lessors who had moved the courtroom to take possession of their property.
