Ajay Singh raises his offer to purchase GoFirst: SpiceJet and Busy Bee raise their offers by between Rs 100 and Rs 150 crore.

The group led by SpiceJet chairman Ajay Singh and managing director (MD) has upped its offer to acquire GoFirst, an airline that is in bankruptcy. Busy Bee Airways Private Limited is another member of Ajay Singh's consortium, according to a report by Reuters.

Bid sum rose by between Rs 100 and Rs 150 crore.
This consortium has now raised its offer to purchase GoFirst by a total of Rs 100–150 crore. Subsequently, this consortium raised its bid to between Rs 1,700 and Rs 1,750 crore.

The bidder, SpiceJet-Busy Bee, had offered Rs 1,600 crore.
In February of last year, a joint bid of Rs 1,600 crore was made by SpiceJet and Busy Bee Airways to acquire the financially struggling GoFirst airline.

Located in Sharjah Sky One had placed a bid as well.
After that, in addition to SpiceJet and Busy Bee, Sharjah-based

Due to an engine shortage, operations had to be suspended.
The airline argues that a shortage of engines is the reason it had to cease operations. The engine was supposed to be provided to Go First by American aircraft engine manufacturer Pratt & Whitney (PW), but PW failed to deliver the engine on schedule. Go First was forced to ground over half of its fleet of aircraft in this circumstance. As a result, he experienced great loss.


He was low on cash as a result of the flight not taking off, and there wasn't even enough to pay for fuel. The airline's A20 Neo aircraft are powered by these engines. According to Kaushik Khona, CEO of the airline, the business has lost