SpiceJet, 2 foreign companies show interest in GoAir – Times of India

NEW DELHI: In a surprise move, SpiceJet and two foreign entities – Sharjah-based aviation company Sky One and Africa-focussed Safrik Investments – have shown interest in grounded GoAir. The troubled airline had not received a financial bid from Jindal Power, whose was the sole eligible EoI (expression of interest), on the last date to do so (November 22).
Subsequently, banks had begun contemplating liquidating the low cost carrier’s assets. But with three entities now requesting to conduct due diligence, the lenders will this week decide on the same as the 270-day prescribed period for completing insolvency cases for GoAir ends only in mid-February.
SpiceJet, which has recently tied up to get Rs 2,250-crore fund infusion, is being seen as a name that may get lenders to accede to the request, say sources. SpiceJet and Go’s EY-backed resolution professional Shailendra Ajmera could not be reached for comments.

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