“Go Airlines (India) Ltd (Go First) has invited investor interest in the company through a court-appointed administrator as part of the carrier’s ongoing insolvency, a newspaper advertisement showed on Monday.
The process is in line with procedural requirements under Indian law.
Two bankers aware of the developments told Reuters on Monday that they expect Indian conglomerate Wadia Group – which used to own Go Airlines before it started bankruptcy proceedings – to be part of its insolvency process.”
Meanwhile the airline continues to cancel flights and delay its return to service:
Top Copyright Photo: Go First Airbus A320-271N WL XA-VIY (VT-WDI) (msn 11416) TLS (Eurospot). Image: 960909.