Sky One, an aviation company headquartered in Sharjah, which has submitted the bid to buy Go First, exuded confidence that it will be able to stabilise cash strapped airline.Besides Sky One, SpiceJet CMD Ajay Singh and Busy Bee Airways Private .
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SpiceJet shares rose on Friday after DGCA numbers announcement. MD Ajay Singh and Busy Bee Airways bid for GoFirst, aiming to improve operations. Experts expect market reaction on Monday.
Pran Sathiadasan, one of the directors at Busy Bee Airways Private Limited, is a director at Fly Dubai and therefore the airline is expected to benefit from this development.
The bid has been submitted by Ajay Singh, in his personal capacity, along with Busy Bee Airways Private Limited; SpiceJet will serve as the operating partner for the new airline