{"id":618906,"date":"2023-11-23T11:55:48","date_gmt":"2023-11-23T06:25:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=618906"},"modified":"2023-11-23T11:55:48","modified_gmt":"2023-11-23T06:25:48","slug":"after-naveen-jindal-backtracks-go-first-has-nowhere-to-go","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-naveen-jindal-backtracks-go-first-has-nowhere-to-go\/","title":{"rendered":"After Naveen Jindal backtracks, Go First has nowhere to go"},"content":{"rendered":"<p>India&#8217;s aviation business is not for the faint-hearted. Low profitability and a considerable degree of unpredictability, not to speak of an emerging duopoly, will discourage anyone who dares to dream of running an airline in India, especially if one has no experience in the aviation sector.<\/p>\n<p>A brave suitor for bankrupt Go First airline has developed cold feet. Naveen Jindal group company Jindal Power, which had submitted an expression of interest (EoI) for Go First, has decided not to submit a financial bid for the airline after a month-long due diligence, the company told the airline&#8217;s bankers on Tuesday, ahead of a November 22 deadline for submission of a financial bid, ET has reported based on information form sources. Jindal Power had submitted an EoI for Go First, ET had reported on October 12.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s aviation business is not for the faint-hearted. Low profitability and a considerable degree of unpredictability, not to speak of an emerging duopoly, will discourage anyone who dares to dream of running an airline in India, especially if one has no experience in the aviation sector. A brave suitor for bankrupt Go First airline has developed cold feet. Naveen Jindal group company Jindal Power, which had submitted an expression of interest (EoI) for Go First, has decided not to submit a financial bid for the airline after a month-long due diligence, the company told the airline&#8217;s bankers on Tuesday, ahead [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-618906","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/618906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=618906"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/618906\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=618906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=618906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=618906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}