New Delhi: This may be covered soon Wadia Grouphave low cost goair, which suspended operations this May. Naveen Jindal’s Jindal Power – which gave the only qualified expression of interest to revive the airline under the bankruptcy process – is not going to submit its bid, sources say.
The airline’s creditors are meeting on Wednesday to decide the future course of action. Liquidation of assets to recover some dues seems to be on the cards as this time there is a possibility of extending the date of receiving bids or going for a second round of inviting EOIs. This is negligible considering the low interest in the airline.
Read full article on TOI+
The airline’s creditors are meeting on Wednesday to decide the future course of action. Liquidation of assets to recover some dues seems to be on the cards as this time there is a possibility of extending the date of receiving bids or going for a second round of inviting EOIs. This is negligible considering the low interest in the airline.
Read full article on TOI+
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