‘Go First lenders yet to decide on bids, airline’s revival likely to be delayed’

A revival of Go First Airlines is set to get prolonged with creditors to the bankrupt airline likely to seek a third extension to the resolution timeline beyond the April 4 deadline even as formal negotiations with two final bidders are yet to commence.Both bidders had increased their bids earlier this month after initial scrutiny by lenders, necessitating an extension to complete negotiations, people familiar with the process said.“The committee of creditors (CoC) will meet either this…
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Source: https://m.economictimes.com/industry/transportation/airlines-/-aviation/go-first-lenders-yet-to-decide-on-bids-airlines-revival-likely-to-be-delayed/amp_articleshow/108828723.cms