EaseMyTrip let go of the bid for Go First
AVIATION & AIRPORTS

EaseMyTrip let go of the bid for Go First

Nishant Pitti, the founder and CEO of EaseMyTrip Ltd., has chosen not to pursue an acquisition of the insolvent airline Go First, which is currently facing bankruptcy resolution procedures before the National Company Law Tribunal. Along with Ajay Singh, the chairman and managing director of SpiceJet, Nishant Pitti submitted a bid for Go First in February in his personal role through Busy Bee Airways Pvt. Ltd. We have made the decision to drop out of the GoAir competition in order to focus on our main competencies. In a statement on social media, Nishant Pitti stated, "Our focus remains on leveraging our expertise and resources to achieve sustainable growth and success." In addition to Singh and Pitti's combined proposal, Sky One, a Sharjah-based business that operates cargo and hires helicopters, also submitted a bid for Go First. The Delhi High Court's decision last month to let the airline's overseas lessors reclaim their aircraft dealt a severe blow to Go First's comeback and put the bidders under pressure. The low-cost airline operated by the Wadia Group filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal in May of last year. This was due to a severe liquidity crunch that resulted in the grounding of several aircraft due to Pratt & Whitney's engines being unavailable for repair.

Nishant Pitti, the founder and CEO of EaseMyTrip Ltd., has chosen not to pursue an acquisition of the insolvent airline Go First, which is currently facing bankruptcy resolution procedures before the National Company Law Tribunal. Along with Ajay Singh, the chairman and managing director of SpiceJet, Nishant Pitti submitted a bid for Go First in February in his personal role through Busy Bee Airways Pvt. Ltd. We have made the decision to drop out of the GoAir competition in order to focus on our main competencies. In a statement on social media, Nishant Pitti stated, Our focus remains on leveraging our expertise and resources to achieve sustainable growth and success. In addition to Singh and Pitti's combined proposal, Sky One, a Sharjah-based business that operates cargo and hires helicopters, also submitted a bid for Go First. The Delhi High Court's decision last month to let the airline's overseas lessors reclaim their aircraft dealt a severe blow to Go First's comeback and put the bidders under pressure. The low-cost airline operated by the Wadia Group filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal in May of last year. This was due to a severe liquidity crunch that resulted in the grounding of several aircraft due to Pratt & Whitney's engines being unavailable for repair.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?