In a bid to acquire the bankrupt airline Go First, SpiceJet promoter Ajay Singh, alongside Busy Bee Airways Private Limited, has submitted a bid in his personal capacity, according to a report by ANI. SpiceJet announced that it would act as the operating partner for the new airline, providing staff and services.
Expressing interest in acquiring Go First, SpiceJet had previously filed a regulatory filing on December 19. The company had also announced its plans to initiate the process of raising fresh capital of approximately $270 million to bolster its financial position and support growth plans.
