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SpiceJet's Ajay Singh bids for GoFirst

Livemint · 1y

SpiceJet Chairman Ajay Singh has submitted a joint bid with Busy Bee Airways for GoFirst airline. If successful, SpiceJet will be the operating partner and provide staff, services, and industry expertise to GoFirst. The National Company Law Tribunal has granted a 60-day extension for GoFirst's moratorium to finalize its corporate insolvency resolution process. The collaboration is expected to generate synergies and improve cost management and revenue growth for both carriers. SpiceJet has recently announced plans to lay off 15% of its staff to save costs.