District Daily News

SpiceJet CEO makes a bid for insolvent Go First

<p>Ajay Singh, the CEO of SpiceJet, and Busy Bee Airways have made an offer for the insolvent Go First, hoping to bolster their business by gaining more slots and Go First’s international flying rights.</p>
<p><img decoding=”async” class=”alignnone wp-image-416972″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-spicejet-ceo-makes-a-bid-for-insolvent-go-first-2024-2largeimg-1056997243.jpg” alt=”theindiaprint.com spicejet ceo makes a bid for insolvent go first 2024 2largeimg 1056997243″ width=”1077″ height=”783″ title=”SpiceJet CEO makes a bid for insolvent Go First 21″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-spicejet-ceo-makes-a-bid-for-insolvent-go-first-2024-2largeimg-1056997243.jpg 670w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-spicejet-ceo-makes-a-bid-for-insolvent-go-first-2024-2largeimg-1056997243-150×109.jpg 150w” sizes=”(max-width: 1077px) 100vw, 1077px” /></p>
<p>The news coincides with SpiceJet’s efforts to raise money and reduce expenses, which include letting go of over 1,000 employees. SpiceJet said in a statement on Friday that Singh and Busy Bee Airways Pvt Ltd had put in a bid for Go First in their individual capacities. There was no information on Busy Bee Airways in the announcement. Separately, Sky One FZE, located in Sharjah, said that it has also made an offer for Go First.</p>