The move came after Nishant Pitti-backed airways showed interest in acquiring the airline, citing reasons like Go First’s valuable intangible assets, including its Directorate General of Civil Aviation (DGCA) license. Busy Bee had initially shown interest in acquiring Go First and had moved a bid worth Rs 1,600 crore for the same. But later, as the airline lost operational aircraft, Busy Bee pulled back only to re-enter the race with an increased bidding amount worth Rs 1,800 crore.
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