Synopsis
SpiceJet chairman Singh and Nishant Pitti-led Busy Bee Airways’ bid, in line with sources, is a far cry from the valuation Go First was in search of throughout its heydays when it was planning for an IPO. Nonetheless, trade consultants consider that the airline is usually a nice asset if it may be rapidly acquired and flown once more.
On April 27, 2023, because the deadline for Pratt & Whitney to produce engines to Go First was approaching, the airline’s proprietor Nusli Wadia referred to as a fast digital assembly of the airline’s board. Dozens of Go First planes had been grounded due to defective engines and the airline had requested a global arbitration courtroom to direct the American aerospace producer to offer just a few engines to assist it keep afloat. “He requested us what the money
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