{"id":636372,"date":"2024-02-26T10:19:45","date_gmt":"2024-02-26T04:49:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=636372"},"modified":"2024-02-26T11:49:27","modified_gmt":"2024-02-26T06:19:27","slug":"bankrupt-indian-airline-go-first-gets-two-financial-bids-say-bankers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bankrupt-indian-airline-go-first-gets-two-financial-bids-say-bankers\/","title":{"rendered":"Bankrupt Indian airline Go First gets two financial bids, say bankers"},"content":{"rendered":"<p>Mumbai: India&#8217;s Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline&#8217;s creditors held on Friday.<\/p>\n<p>Budget carrier SpiceJet&#8217;s managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of Rs 1600 crore ($193.10 million) for the airline, the bankers said.<\/p>\n<p>&#8220;The plan includes additional fund infusion to restart the airline&#8217;s operations,&#8221; said a banker with a state-run bank that has exposure to Go First.<\/p>\n<p>The bankers did not wish to be identified as they are not authorised to speak to the media. Go First&#8217;s resolution professional, who conducts the bankruptcy process, Singh and Spicejet did not respond to emails seeking comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: India&#8217;s Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline&#8217;s creditors held on Friday. Budget carrier SpiceJet&#8217;s managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of Rs 1600 crore ($193.10 million) for the airline, the bankers said. &#8220;The plan includes additional fund infusion to restart the airline&#8217;s operations,&#8221; said a banker with a state-run bank that has exposure to Go First. The bankers did not wish to be identified as they are not authorised to speak to the media. Go [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-636372","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/636372","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=636372"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/636372\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=636372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=636372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=636372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}