EaseMyTrip let go of the bid for Go First
AVIATION & AIRPORTS

EaseMyTrip let go of the bid for Go First

Nishant Pitti, the founder and CEO of EaseMyTrip Ltd., has chosen not to pursue an acquisition of the insolvent airline Go First, which is currently facing bankruptcy resolution procedures before the National Company Law Tribunal. Along with Ajay Singh, the chairman and managing director of SpiceJet, Nishant Pitti submitted a bid for Go First in February in his personal role through Busy Bee Airways Pvt. Ltd. We have made the decision to drop out of the GoAir competition in order to focus on our main competencies. In a statement on social media, Nishant Pitti stated, "Our focus remains on leveraging our expertise and resources to achieve sustainable growth and success." In addition to Singh and Pitti's combined proposal, Sky One, a Sharjah-based business that operates cargo and hires helicopters, also submitted a bid for Go First. The Delhi High Court's decision last month to let the airline's overseas lessors reclaim their aircraft dealt a severe blow to Go First's comeback and put the bidders under pressure. The low-cost airline operated by the Wadia Group filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal in May of last year. This was due to a severe liquidity crunch that resulted in the grounding of several aircraft due to Pratt & Whitney's engines being unavailable for repair.

Nishant Pitti, the founder and CEO of EaseMyTrip Ltd., has chosen not to pursue an acquisition of the insolvent airline Go First, which is currently facing bankruptcy resolution procedures before the National Company Law Tribunal. Along with Ajay Singh, the chairman and managing director of SpiceJet, Nishant Pitti submitted a bid for Go First in February in his personal role through Busy Bee Airways Pvt. Ltd. We have made the decision to drop out of the GoAir competition in order to focus on our main competencies. In a statement on social media, Nishant Pitti stated, Our focus remains on leveraging our expertise and resources to achieve sustainable growth and success. In addition to Singh and Pitti's combined proposal, Sky One, a Sharjah-based business that operates cargo and hires helicopters, also submitted a bid for Go First. The Delhi High Court's decision last month to let the airline's overseas lessors reclaim their aircraft dealt a severe blow to Go First's comeback and put the bidders under pressure. The low-cost airline operated by the Wadia Group filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal in May of last year. This was due to a severe liquidity crunch that resulted in the grounding of several aircraft due to Pratt & Whitney's engines being unavailable for repair.

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?