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Sky One, an aviation company headquartered in Sharjah, and SpiceJet have shown interest in acquiring the financially troubled airline Go First.This unexpected development comes weeks after a proposal deadline had passed and while lenders were ...
Last week, SpiceJet announced a plan to raise over Rs 2,250 crore by issuing up to 130 million convertible warrants. This capital infusion could support the airline in its potential acquisition of Go First, sources have said
Three entities — Sharjah-based aviation company Sky One, Africa-focused Safrik Investments and local airline SpiceJet — have shown interest in acquiring bankrupt carrier Go First, in an unexpected development weeks after the deadline for making proposals passed and as lenders were considering its liquidation.
The benchmark indices took a break from their record-breaking run to close lower. The Sensex ended at 71,315.09 and the Nifty at 21,405.55, down 0.24 percent each
The resolution professional (RP) who is managing Go First’s corporate insolvency resolution process (CIRP) Shailendra Ajmera received requests from these three entities in the past 10 days to conduct due diligence.