Its remaining assets include a 94-acre land parcel in Thane, valued at Rs 3,000 crore, an Airbus training facility in Mumbai and its headquarters. The CoC had appointed Dinkar Venkatasubramanian as liquidator. Go First, promoted by the Wadia family, stopped flying on May 3, 2024, a day after it filed for bankruptcy.
A financial crisis due to non-supply of engines by Pratt & Whitney (P&W) that led to the grounding of about half of its fleet forced them to take this extreme step, the airline had said. Busy Bee Airways, majority-owned by EaseMyTrip’s founder Nishant Pitti, along with SpiceJet Chief Ajay Singh, had put in a bid for Go First last year. However, the bid was withdrawn following the Delhi High Court order.
