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India Business News: NEW DELHI: Airline carrier Go First, has received two financial bids as part of its bankruptcy process, according to two bankers who attended a meetin.
SpiceJet's managing director Ajay Singh and Busy Bee Airways have jointly submitted a bid of Rs 1,600 crore ($193.10 million) for Go First, Go First Receives Two Financial Bids As Part of Bankruptcy Process: Bankers
Go First filed for bankruptcy protection in May but lenders have more recently been considering liquidating the airline after failing to secure new investors.
The Reserve Bank of India, also the country's banking regulator, has not yet completed "fit and proper" vetting on the interested bidders, who include Emirates NBD and Canadian billionaire Prem Watsa, after which the bidders can do their due diligence and place their financial bids, the sources said.
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