SpiceJet is one of three suitors interested in taking over GoFirst
SpiceJet has indicated that it was recently able to raise Rs 2250 crore and it could use some of those funds to acquire GoFirst.
Just when lenders had given up hopes of finding a suitor for GoFirst, three entities have come forward to express interest in taking over the airline over the past week or so.
CNBC-TV18 has learnt that domestic carrier SpiceJet is among those who have shown an interest, and in a letter to the resolution professional (RP) of the airline, SpiceJet has sought time to conduct its diligence and evaluate the opportunity.
In the letter, SpiceJet has indicated that it was recently able to raise ₹2,250 crore and it could use some of those funds to acquire GoFirst, a Mumbai-based low-cost airline that filed for bankruptcy protection in May 2023.
Besides SpiceJet, Sharjah-based aviation consultant by the name of Sky One, and Safrik, an investment firm focused on Africa, have shown an interest in acquiring the bankrupt airline.
CNBC-TV18 reached out to all three companies and their responses are awaited.
So far, there's no indication from any of the three suitors on how much they are willing to pay for GoFirst.
The RP is currently conducting a due diligence on the new suitors to see if they are eligible to bid.
The committee of creditors is expected to meet later this week to evaluate the next steps after the interest from these three companies.
CNBC-TV18 had earlier reported that GoFirst received no bids when the deadline ended on November 22 earlier. Without a single bidder, the lenders would have considered liquidation.
Now, banks will wait to see if SpiceJet, or any of the other suitors, make a compelling offer. GoFirst is also caught in a bunch of litigation including those with its lessors.
SpiceJet shares were trading 7.7% higher at ₹57.72 on BSE at 12:07 pm.
First Published: Dec 18, 2023 12:08 PM IST
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