SpiceJet confirms interest to acquire bankrupt airline Go First

Cash strapped airline SpiceJet has expressed interest with the Resolution Professional (RP) of Go First and confirmed that it wishes to submit an offer post diligence, the company said on Tuesday.

In an exchange filing, the airline said that the acquisition proposal is with a view to create Go First as “a strong and viable airline in a possible combination with SpiceJet.”

ET had reported yesterday that SpiceJet along with two other companies, Sharjah-based aviation company Sky One, Africa-focused Safrik Investments, had expressed interest in acquiring bankrupt carrier Go First, in an unexpected development weeks after the deadline for making proposals passed and as lenders were considering its liquidation.