Lenders to open bids for Go First today

Bids for bankrupt airline Go First will be opened on Friday as lenders aim to find a suitor for the carrier which has been grounded for nine months. A consortium of Ajay Singh, SpiceJet owner and Nishant Pitti – co-owner of online travel firm EaseMyTrip, are the front runners as the duo has placed a bid for Rs 600 crore.

The other bid is from Sharjah-based company SkyOne owned by Jaideep Mirchandani, who also has a majority stake in Zoom Air which has been grounded for over five years.