Ajay Singh’s Big Bet: Airline GoFirst, which is struggling with cash problems, is going through the bankruptcy process and is looking for a buyer. SpiceJet MD and Chairman Ajay Singh has also bid to buy the now closed airline. Ajay Singh has shown interest in jointly purchasing GoFirst in collaboration with Busy Bee Airways Pvt. Ltd. Singh has made this bid in his personal capacity. SpiceJet will act as the operating partner for this new airline such as providing necessary staff, services and industry expertise.
SpiceJet promoter Ajay Singh said, “GoFirst has immense potential and it can be reactivated by merging it with SpiceJet, which will benefit both the carriers. Ajay Singh says that apart from prestigious slots at domestic and international airports, international traffic rights and orders for more than 100 Airbus Neo planes, GoFirst is a trusted and valuable brand.
GoFirst’s service has been closed for a long time
It is noteworthy that GoFirst’s flights have been closed since May 3. Airlines have been stuck in financial crisis for a long time and have huge debts with many banks. It is noteworthy that Go First’s air service was stopped on May 2 and this was officially announced on May 3. Earlier, the airlines were operating around 200 flights every day. On an average, 30 thousand people were travelling.
The first flight flew in the year 2005
It is noteworthy that GoFirst is an airline company of Wadia Group. According to the company’s website, GoFirst was started on April 29, 2004. The company’s first flight flew from Mumbai to Ahmedabad in November 2005.
