Airlines company Go First Airline is on the verge of bankruptcy. Flights of this airline have been closed for more than 6 months. But now taking full advantage of the opportunity, airlines company SpiceJet has taken a big decision. Apart from SpiceJet, Sharjah’s Skyone and Africa’s Safrik Investment have also shown their interest in buying sinking Go First. If reports are to be believed, a big deal may soon happen regarding Go First.
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Deal may be done soon
These companies can soon make a big deal to save the sinking airline Go First. People familiar with the matter said resolution professional Shailendra Ajmera, who manages the corporate insolvency resolution process (CIRP) of Go First, received requests from these entities in the last 10 days to conduct a due diligence of the defunct airline. He told that all of them have also demanded to extend the time limit.
SpiceJet had made plans earlier also
SpiceJet airline had earlier also planned to restart its idle fleet. For this he has already secured around ₹400 crore. Restarting these grounded aircraft is expected to boost the airline’s revenue. This is also the right opportunity, because Go First has closed its operations for the time being. Due to disruption in air services, passengers will face problems in getting tickets on other flights as an option. In such a situation, these flights of SpiceJet can become a good option. Airlines’ earnings will increase. Summer holidays are coming, festival season is about to start. In such a situation, SpiceJet is expected to make good profits.
Source: www.tv9hindi.com
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