After much speculation, SpiceJet has confirmed its interest in acquiring bankrupt carrier Go First through a regulatory filing on the exchanges on Monday. The company has also initiated a process of raising fresh capital of around $270 million to “strengthen its financial position and provide resources to invest in growth plans.”
Earlier this week, SpiceJet, Sharjah-based Sky One, and Africa-based Safrik Investments had all asked the resolution professional of Go First to extend the deadline to make proposals. The last date for submission of the bids to acquire the airline was November 22. However, as no bids were made, the lenders had started to contemplate liquidation of Go First.
