Three entities have submitted formal expressions of interest (EOIs) to buy insolvent budget carrier Go First (GOW, Mumbai International), prompting its committee of creditors (CoC) to meet to decide on applying to India’s National Company Law Tribunal (NCLT) for an extension of time to sell the airline.

Reuters reported that the influential committee had decided to request the extension to allow for time to conduct due diligence on the potential buyers. A sale would reap a better return for the creditors than liquidation. India’s…

Source: ch aviation
Read more: Three bidders lodge EOIs for India's Go First