EaseMyTrip’s Pitti raises Go First bid by Rs 150 crore
EaseMyTrip founder Nishant Pitti and SpiceJet chairman & MD Ajay Singh have increased their joint bid for Go First (formerly GoAir) by an additional Rs 150 crore. Initial reports suggested a bid of Rs 500-600 crore, with Pitti funding and Singh contributing operational expertise. Following concerns over the airline's outstanding debts of Rs 6,521 crore, including to creditors like banks, Pitti was requested by the committee of creditors to revise the bid.
EaseMyTrip founder Nishant Pitti and SpiceJet chairman & MD Ajay Singh have increased their joint bid for Go First (formerly GoAir) by an additional Rs 150 crore. Initial reports suggested a bid of Rs 500-600 crore, with Pitti funding and Singh contributing operational expertise. Following concerns over the airline's outstanding debts of Rs 6,521 crore, including to creditors like banks, Pitti was requested by the committee of creditors to revise the bid. What's Your Reaction?
