SpiceJet has expressed interest in acquiring the troubled carrier Go First and intends to submit an offer after conducting due diligence. Go First, which halted its operations in May, filed for insolvency and is facing financial challenges. SpiceJet's shares surged after it revealed its intention to buy Go First. The embattled airline is facing pressure from lessors and the National Company Law Tribunal has extended its corporate insolvency resolution process.
SpiceJet has expressed interest in acquiring Go First, with the aim of creating a strong and viable airline by potentially merging the two. Go First has faced financial difficulties and filed for insolvency, prompting interest from SpiceJet as well as other companies. The potential acquisition is subject to diligence and regulatory approval.