The chances of Go Air recovering after its hefty losses and grounded flights are seeming even more bleak as Naveen Jindal, the only billionaire interested in buying out the airlines, has now backed out of the bidding for the same.
Troubles seem to be mounting for Go Airlines Ltd, with no paychecks for the staff from the last six months and the sudden resignation of CEO Kaushik Khona, who said that he would not be able to get the flights back up and running before he stepped down.
On Friday, Go announced in a post on X, formerly Twitter, that it cancelled all scheduled flights until February 4, extending a grounding that began in May.
