homeaviation NewsSpiceJet is one of three suitors interested in taking over GoFirst

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.

By Ritu Singh  Dec 18, 2023 2:25:04 PM IST (Updated)

2 Min Read
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.