Bankrupt airline Go First has received a fresh lease of life after receiving two bids on Friday for revival of its operations. The carrier, which has been grounded since May 2023, has been undergoing an insolvency process since then. The first bid has been submitted by SpiceJet chairman and managing director Ajay Singh jointly with Busy Bee Aviation Private Limited. Two people aware of the development said Nishant Pitti, co-founder of online travel platform EaseMyTrip, has a 51% stake in Busy Bee Aviation Limited while the remaining 49% stake is held by local investors.
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