GoFirst’s last stand with two suitors in the wings: Understanding airline insolvency in India | Latest News India

Earlier this week, the National Company Law Tribunal (NCLT) extended the moratorium period on Go First’s dues and leased aircraft by another 60 days giving the grounded airline a final chance to get new owners. Go First has two suitors — a consortium of SpiceJet chief Ajay Singh and Busy Bee Airways and Sharjah-based Sky One — who have shown interest in the airline. PREMIUM Go first airlines (Representative Photo) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}}…
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Source: https://www.hindustantimes.com/india-news/gofirsts-last-stand-with-two-suitors-in-the-wings-understanding-airline-insolvency-in-india-101713019921309-amp.html