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Insolvent Go First seeking investors to stave off closure
July 11th 2023
India’s Go First has commenced an expression of interest process that seeks buyers or investors in the failing LCC. Read More » The resolution professional managing the airline’s insolvency has advertised in major Indian newspapers for parties interested in investing in the Mumbai carrier to submit their bids by August 9. Majority-owned by Wadia Group, Go First grounded its fleet at the start of May. At the same time, it filed for insolvency with India's National Company Law Tribunal, citing issues with the Pratt & Whitney engines that power its A320 family fleet.
