Budget airline SpiceJet, which itself has been grappling with financial difficulties, has expressed interest in acquiring bankrupt carrier Go First with a view to create a viable airline in “a possible combination with Spicejet”. In a regulatory filing, SpiceJet confirmed that it has expressed interest in acquiring Go First, which is currently undergoing the corporate insolvency resolution process (CIRP) after it decided to voluntarily file for insolvency in early May.
“Please note that SpiceJet Limited…has expressed interest with the Resolution Professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination with SpiceJet,” SpiceJet said in a stock exchange filing on Tuesday.
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