SpiceJet promoter Ajay Singh submits bid for bankrupt airlines Go First

New Delhi: Ajay Singh, Chairman and Managing Director of SpiceJet along with Busy Bee Airways Private Limited have jointly submitted a bid for GoFirst. The bid, submitted on Friday (February 16, 2024), marks a significant strategic move that has the potential to reshape the landscape of the Indian aviation sector and position SpiceJet for substantial growth in the industry.

The bid has been submitted by Ajay Singh, in his personal capacity, along with Busy Bee Airways Private Limited.

SpiceJet’s role as the operating partner for the new airline involves providing essential staff, services, and industry expertise. This collaboration is anticipated to generate synergies between the two carriers, leading to improved cost management, revenue growth, and a strengthened market position within the Indian aviation industry.