Wadia group looking for partners to bid for Go First

Wadia Group, the erstwhile promoter of Go First, is set to bid for the airline that was the first in the country to be taken voluntarily into bankruptcy protection, people aware of the development said.

The group, they said, is in talks with financial investors such as private equity funds and alternative investment funds to jointly bid for the airline. However, a final decision depends on whether the grounded carrier is considered airworthy again.