The Wadia Group, the former owners of Go First Airlines, has not shown an intent to bid for the grounded Indian airline and has stayed away from the insolvency process so far amid an ongoing legal tussle. So far, only two entities – Naveen Jindal-led Jindal Power and Jettwings Airways, have put in expressions of interest (EoIs).
Cash-strapped Go First filed for bankruptcy in May, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet.
The conglomerate has not submitted an EoI for the airline or hinted at any plans to do so. An EoI is the first step towards making financial bids.
