India's Go First airline seeks investor interest as part of insolvency … – Reuters

BENGALURU, July 10 (Reuters) – India’s Go Airlines (India) Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier’s ongoing insolvency process, a newspaper advertisement showed on Monday.

The process of inviting an Expression of Interest (EoI) signifies the formal commencement of seeking buyers or investors for a potential investment, in line with procedural requirements under Indian law.

Go Airlines, which operated the Go First carrier, did not immediately respond to a Reuters request for comment.

Go Airlines filed for bankruptcy protection in May blaming “faulty” Pratt & Whitney engines for the grounding of about half its 54 Airbus (AIR.PA) A320neos. The engine maker had said the …

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