SpiceJet’s Ajay Singh makes joint bid for Go First Airline
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ANI
SpiceJet said in a release on Friday that Singh, in his personal capacity with Busy Bee Airways Pvt Ltd, has submitted the bid for GoFirst. However, specific details about Busy Bee Airways could not be immediately ascertained. Go First, which is facing serious financial crisis, had stopped flights in May last year and is currently going through the insolvency resolution process.
New Delhi. Aviation company SpiceJet chief Ajay Singh, along with Busy Bee Airways, has bid for the airline Go First which is going through the bankruptcy process. SpiceJet said in a release on Friday that Singh, in his personal capacity with Busy Bee Airways Pvt Ltd, has submitted the bid for GoFirst. However, specific details about Busy Bee Airways could not be immediately ascertained. Go First, which is facing serious financial crisis, had stopped flights in May last year and is currently going through the insolvency resolution process.
SpiceJet’s role as the operating partner for the new airline is to provide the necessary personnel, services and industry expertise, SpiceJet said. “This collaboration is expected to create synergy between both the airlines, leading to improved cost management, revenue growth and stronger market position.”
Singh, Chairman and Managing Director, SpiceJet, in the release expressed his strong belief that GoFirst has immense potential and can be repositioned to work in close synergy with SpiceJet to the benefit of both. Singh said with coveted slots at domestic and international airports, international traffic rights and orders for over 100 Airbus Neo aircraft, Go First is a trusted and valued brand among travelers.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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