Lenders are looking to discuss a proposal to liquidate Go First, a proposal to choose a firm to evaluate its remaining assets, and another proposal to evaluate potential buyers interested in the airline’s assets.
India Business News: NEW DELHI: The resolution professional of debt-ridden Future Enterprises (FEL) has invited Expression of Interest (EOIs) for the company’s assets, inc.
Future Enterprises: FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group. It also holds the group s investments in subsidiaries and joint ventures including in sectors like insurance, textile manufacturing, supply chain and logistics.
FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group. It also holds the group s investments in subsidiaries and joint ventures including in sectors like insurance, textile manufacturing, supply chain and logistics.
If the EoI is accepted, SpiceJet will get access to the data room of Go First, which could help the Ajay Singh-led airline to benchmark its own current situation and what its future would be like.