Jindal Power to not board Go First flight

Naveen Jindal-led Jindal Power will not go ahead with its bid to take over low-cost carrier Go First, leaving the future of the grounded airline uncertain amid calls for its liquidation. The deadline to submit the bids ended on Tuesday.

Jindal Power and Jettwings Airways, a northeast-based low-cost regional airline, were the only bidders, and had put in expressions of interest (EoIs) for Go First in October. The Wadia group, founders of Go First (formerly Go Air), chose to sit out of the EoI process though they were allowed to participate.