Go First: Go First revival chance fades as lenders, bidders spar on valuation

Lenders to Go First and potential bidders have failed to arrive at a valuation for the bankrupt airline despite several rounds of discussions, making liquidation instead of a revival a more likely outcome, people aware of the development said.A Delhi High Court order on Friday allowing lessors to repossess their aircraft has further dented hopes of reviving Go First, they said.Ajay Singh, promoter of SpiceJet, and an entity owned by Nishant Pitti-owner of online travel portal EaseMyTrip had…
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Source: https://m.economictimes.com/industry/transportation/airlines-/-aviation/go-first-revival-chance-fade-as-lenders-bidders-spar-on-valuation/amp_articleshow/109671423.cms