The founder and chairman of SpiceJet (SG, Delhi International) and a business partner have reportedly bid INR6 billion rupees (USD72.4 million) to buy insolvent Go First (GOW, Mumbai International), with INR2.5 billion (USD30.1 million) of it payable upfront. The pair are also reportedly planning to sell Go First’s assets.

India’s CNBC TV18 reported that SpiceJet’s Ajay Singh and Nishant Pitti, co-founder of the OTA EaseMyTrip, intend to monetise many of Go First’s assets if their bid is successful. Top of the list are two Mumbai…

Source: ch aviation
Read more: Bidders of India's Go First may monetise assets – report