Key Points
Bids for bankrupt airline Go First will be opened on Friday as lenders aim to find a suitor for the carrier which has been grounded for nine months..
A consortium of Ajay Singh, SpiceJet owner and Nishant Pitti - co-owner of online travel firm EaseMyTrip, are the front runners as the duo has placed a bid for Rs 600 crore...
The other bid is from Sharjah-based company SkyOne owned by Jaideep Mirchandani, who also has a majority stake in Zoom Air which has been grounded for over five years...
This is the second attempt by lenders after a disappointing first round in October when Naveen Jindal's EoI, the only preliminary inquiry to make the cut as a bidder for the airline, did not translate into a final bid...
Sources said bidders are eyeing the compensation money from US engine maker Pratt & Whitney from the case filed in Singapore International Court of Arbitration...
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