Another company shows interest in buying Go First airline, Jettwings Airways files EOI Business News, Hindi News
Jettwings Airways EOI for Go First: Another company has shown its interest in buying the stalled airline Go First. Jetwings Airways said on Thursday that it has filed an expression of interest to take over the operations of Go First. Go First is facing bankruptcy proceedings. The headquarters of Jetwings Airways is in Guwahati city of Assam. It recently received a No Objection Certificate (NOC) from the Civil Aviation Ministry to operate as a scheduled passenger airline.
SCROLL TO CONTINUE READING
Jetwings Airways, backed by leading Assam entrepreneurs Sanjeev Narayan and Anupam Sharma, has filed a letter of intent (EOI) to go first. The airline said it has concrete plans to connect its home city Guwahati with major destinations across the country.
The airline has been stalled since May 3
Facing engine and financial problems, GoFirst’s flights have been grounded since May 3 and it is facing voluntary insolvency resolution proceedings. The operating revenue of Go First in the financial year 2021-22 was Rs 4,183 crore.
Flights are canceled till 15th October
Go First Airlines has canceled all its commercial flights till October 15. In a post on “We are aware that your travel plans have been disrupted due to the cancellation of flights. You may be informed that the company has filed an application for quick resolution and resumption of operations. We will start booking soon.”
Watch Zee Business Hindi Live TV here