Expressions of Interest sought for possible sale of crisis-hit Go First
A resolution panel appointed to oversee the insolvency process of crisis-hit Go First has invited an Expression of Interest (EoI) for the possible sale of the carrier, according to a newspaper advertisement on Monday.
An EOI is one of the initial transaction documents shared by the buyer with the seller in a potential M&A deal. A provisional list of prospective resolution applicants will be issued on August 19, the advertisement said.
The airline, which posted Rs 4,183 crore as total revenues from operations in FY22, ceased operations on May 3 this year, as it grounded close to 50 per cent of its fleet due to engine woes.
