While the bid has been filed by Singh in his personal capacity, SpiceJet will take up the role of an operating partner by providing essential staff, services, and industry expertise to the new airline if the bid turns successful
Indian budget carrier SpiceJet Managing Director Ajay Singh, in his personal capacity, and Busy Bee Airways have jointly submitted a bid for bankrupt Go First ..
India Business News: NEW DELHI: SpiceJet CMD Ajay Singh has submitted a bid to revive defunct GoAir in his personal capacity along with Busy Bee Airways Pvt Ltd.
Shares of SpiceJet Ltd zoomed 13% in the afternoon session today after the airline said it along with Busy Bee Airways, have jointly submitted a bid for acquiring bankrupt airline GoFirst. Shares of SpiceJet rose 13% to Rs 71.90 on BSE. Market cap of the airline rose to Rs 4,858 crore. The bid has been submitted by Ajay Singh, Chairman and Managing Director of SpiceJet, in his personal capacity, along with Busy Bee Airways Private Limited, SpiceJet said.