Go First acquisition soon! SpiceJet, two other foreign companies in race to bid for bankrupt airline – What we know

SpiceJet announced its interest in acquiring Go First and intends to submit an offer after conducting a thorough due diligence of the financially troubled carrier. Go First ceased operations on May 3 due to financial difficulties, primarily stemming from issues related to Pratt & Whitney engines, and is currently undergoing an insolvency resolution process.

In a regulatory filing, SpiceJet stated that it has communicated its interest to the resolution professional of Go First and plans to submit an offer post-diligence. The objective is to establish a robust and viable airline, potentially through a combination with SpiceJet.