Jindal drops out; Go closer to liquidation
Financial Express Mumbai|November 22, 2023
NAVEEN JINDAL-LED JINDAL Power will not go ahead with its bid to take over low-cost carrier Go First, pushing the airline closer to liquidation. The deadline to submit the bids ended on Tuesday.
SWARAJ BAGGONKAR

Jindal Power and Jettwings Airways, a northeast-based low-cost regional airline, were the only bidders, and had put in expressions of interest (Eols) for Go First in October. The Wadia group, founders of Go First (formerly Go Air), chose to sit out of the Eol process though they were allowed to participate.

While Jindal Power spokesperson declined to comment when contacted, a Jettwings Aviation spokesperson remained unreachable for comments at the time of going to press.

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