Grounded airline Go First gets expression of interest from Jindal Power

Grounded Indian airline Go First has received an expression of interest (EoI) from Jindal Power Ltd, two banking sources and two people aware of the development told Reuters.

An EoI is the first step in the bidding process and may not result in a financial bid.

“Jindal Power was the sole successful applicant whose expression of interest was accepted by banks,” said a banker with a state-run bank that has exposure to Go First.