Go First crisis: EaseMyTrip’s Nishant Pitti withdraws bid for beleaguered airline

Weeks, after the Director General of Civil Aviation (DGCA) de-registered 54 aircraft of Go First, Nishant Pitti, co-founder & CEO of EaseMyTrip, on May 25, withdrew his bid..

Pitti was one of the key bidders for the beleaguered airline.. After careful consideration, I have decided to withdraw from the GoAir bid in mypersonalcapacity..

This decision allows me to better focus on other strategic priorities and initiatives that align with our long-term vision and growth objectives, said Pitti, adding, Our commitment to delivering exceptional value and service remains unwavering as we continue to navigate new opportunities and challenges...

Pittis decision also coincides with EaseMyTrip posting a Rs 15 crore net loss during the January-March 2024 quarter, down from Rs 31 crore net profit in the corresponding quarter previous year..

Go First, formerly owned by the Wadia group, is embroiled in a legal battle with P&W at the Singapore Court of Arbitration in which the airline has claimed about Rs 8,000 crorecompensation, blaming its bankruptcy on the failure of P&W engines forcing it to ground many aircraft...

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